During the three weeks in Beijing, I could hardly access to the internet and check what is happening in Hong Kong and in the world stock markets. So I think I need some time to pick up the recent financial news in the globe. After checking the gold, it seems like the price is roughly the same as that when I left, but actually it was just briefly like what I anticipated on 12-12-2009. The price went down to around 1090 and fluctuated around it. Then it continued to go up again. Now it seems that the price would rocket again. Let's see the below:
We could see that the three curves were quite similar. And the lowest prices for each curves were on a uptrend line. And each time the price could rise through the parallel line which passes through the highest prices of the previous curve. So this time, gold might rise through 1226.10 which is the highest price of the previous curve. 1181.42 would be a strong resisting line due to the great fall before, once penetrated, price would rocket again.
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