Gold Price Faces Primary Resistance

I am still very bullish with Aussie market. 

However gold price is major factor to impact mining sector.

The recent recovering of gold price can only be considered 

as rebounding after breaking support. (See below diagram)

With the situation in Egypt getting closer to solution, the gold

 price may face pressure again in coming week.

The price rising above $1375 would indicate another rally. 

However it falling below $1340 would warn of a down-trend.

Share Daily Updated: 11/02/11

Initial Fund			15/08/10				$50,000.00
Current Value			11/02/11				$86,485.00
			Cash：				53455.00
			Stocks：				33030.00
Total Retun since 15-08-10:							72.97%
Thanks for some queries from my readers. This blog hasn't been updated for
a few days, the reasons  are:
1 - I had a business travel in QLD.
2 - I transferred all shares to a new account.
Hopefully the blog will be updated every day.
EXS -		some brokers had updated target price.
		Though the price had broke-out the resistance of 0.62, unfortunately
		the price did rise further.
TUC -		Capital rise completed, The price is Consolidating above 0.32
WPG -		The chart looks a bit ugly
RAD -		The price is consolidating in a flag shape. (see below diagram)