If you are a gold trader, this is a good time for you to restock your gold stock. The price is pretty cheap, I saw it on Buletin Utama, they said that the gold price for Malaysian market right now is RM157 for each gram.
It is a really good price as compared to last year, it was around RM170++ per gram.
But as you can see from the chart below, gold price is already breaking the trendline and testing 1636 area which I think – a strong support. If the price fail to break that level, gold price will be bullish. If the price do break that support, then it might going further down.
Tho I think its is quite likely to break that support, but it seems a bit hard. Lets see in the next few days.