19 years in trading
On friday gold broke important support level at 1178/80, and close the week at 1166, but after the Swiss gold referendum failed over the weekend, gold opened the week even more lover for 12 usd, at 1154. Looking bearish now and aiming first minor support at 1146/48. Stronger support is waiting on the 1130/32, previous low from November 07. This
Read moreEarly projections from Switzerland shows that more then 75% of the voters are against Swiss gold initiative. Finaly, the SNB could catch a breath according to SRF projections. On my oppinion voting against is not surprise, but for me, procentage against Swiss gold initiative is. We will see the final results, but this is to big advantage that something significant could change.
Read moreThere are just 2 days left until the “Save Our Swiss Gold” referendum this Sunday. On November 30, voters in Switzerland will head to the polls to decide whether the Swiss National Bank (SNB) should back the Swiss franc with gold by increasing its gold holdings to 20% – up from current levels of 7%. How the SNB came to
Read moreThere is no end of surprices on gold. Swiss gold referendum polls showed 38% support and 47% opposed and gold is turning down sharply for 20 $ in a 30 minutes. Stoped for now at support level aprox 1278, but could the support hold this strong attack and ignore the polls results? If support holds, that could be a quick way up
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