Sunday, March 15, 2009


I've been reading a lot on Gold recently, looking at many charts and also keeping a close eye on currency movements
Here are some excellent graphs on the recent movement in Gold Prices and the USDX. (The USDX graph is explained using Fibonacci retracement levels.)
They are from the Sunshine Profits Website :
Przemyslaw Radomski's analysis is always excellent. I have been following his essays at

For the moment the $900 level is holding strong. The USD weakened a bit last weak as equity markets the word over rallied. Are we about to see a new downleg in the USD?

Watch this space.

ps: I was initially planning on making some graphs, but these ones were just perfect!

Edit: Just came across this: Gold Prices since Jan 1971 in different currencies

1 comment:

Anonymous said...

Thanks, I'm glad you like my work.

Przemyslaw Radomski