Gold price 31 January 2011

Alhamdulillah, my analysis for GOLD price is quite accurate. Here is my previous analysis, and yesterday the target has been reached. I believe, yesterday was the low for gold price in January2011, where gold price tested its support at 1308.33 (October 2010 low) then jumped to 1337.00 last night due to riot in Egypt.

At this moment, I am expecting bullish for gold price. Either for bullish retracement or reversal. Below is 4 hour gold chart, as you can see.. the price is moving in downtrend channel.

And below is 15 minutes timeframe.

I may looking to buy gold somewhere around 1327.91 if all buy setup exist.

 

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