NEW YORK. Predict movements in the price of gold by Frank Lesh of FuturePath Trading LLC interesting to watch. According to Lesh, technically, prices will continue to sag bright yellow to a level of U.S. $ 1,100 in 2014.
Lesh said, Fibonacci ratios indicative, which reached 76.4% decrease compared to the record level of U.S. $ 1,923.70 in September 2011 and will increase the price of gold will drop to U.S. $ 430.
"If the price of gold fell below the critical level of price U.S. $ 1500, we will see a significant drop in the price of gold. Visible gold market is still weak. We have seen many gold funds, "said Lesh, director of the Chicago-based FuturePath.
For your information, in February 2013, the price of gold declined for the fifth month. This is the longest period of decline since January 1997.
Throughout the year, the decline in the price of gold has reached 6.2%. In fact, over the past 12 years, the price of gold has managed to record a six-fold increase.
According Goldmand Sachs Group Inc., the world's gold price movement cycle is likely to change as the economic recovery in the United States and a decline in investment gold holdings by investors.
Lesh said, Fibonacci ratios indicative, which reached 76.4% decrease compared to the record level of U.S. $ 1,923.70 in September 2011 and will increase the price of gold will drop to U.S. $ 430.
"If the price of gold fell below the critical level of price U.S. $ 1500, we will see a significant drop in the price of gold. Visible gold market is still weak. We have seen many gold funds, "said Lesh, director of the Chicago-based FuturePath.
For your information, in February 2013, the price of gold declined for the fifth month. This is the longest period of decline since January 1997.
Throughout the year, the decline in the price of gold has reached 6.2%. In fact, over the past 12 years, the price of gold has managed to record a six-fold increase.
According Goldmand Sachs Group Inc., the world's gold price movement cycle is likely to change as the economic recovery in the United States and a decline in investment gold holdings by investors.
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