Gold price analysis

goldhj

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I'm going to post daily analysis here , if you interested in spot gold or want to trade spot gold you can contact me through facebook(gold jinyu) , skpye(goldjinyu1 or goldjinyu2) or yahoo messenger(jinyu gold) or you can visit my site hj9999.com

International gold price last trading day dropt slightly, temporarily raised to 1290 from 1285. Price corrected itself at the end of U.S. trading time. In today’s Asian trading time, gold based sideway. Gold price currently closed at about 1286USD/oz.
U.S. July core PCE price index released last Friday matched the expectation, plus the strong Manufacturing and consumer confidence, U.S. dollar index keeps strong. These strong data pressed gold to drop from a high point. Currently gold daily chart price correcting and basing sideway, MACD green bar converged to neutral axis, and market fluctuation is increasing, trading around 1280-1290 would be a good choice.:cheesy:
 
Last edited:
Thanks goldhj, please keep all your daily analysis in this thread as opposed to starting a new thread each time.

i have amended the title for you

Cheers
 
09.02 price trend analysis

Sept. 2nd gold price trend analysis
International gold yesterday went down slightly, once approached 1290USD/oz, but as the increasing pressure of price correcting, gold volatilized and went downside; in today’s Asian trading time, gold kept going down, currently closed at about 1283USD/oz.
As for information, Russia and Ukraine situation looks like a stalemate. Market showed a cool response, which makes gold harder to receive boost. On the other hand, U.S. index keeps raising and presses gold. Currently gold daily chart price is backing and consolidating, downside 1280 is facing the test, upside 1286 is offering a lot of pressure. Mainly trading short position in short term would be a good choice.:)
 
Gold still under pressue as speculation over an early U.S. interest rate hike strengthened the dollar and dulled bullion's appeal.

Gold still under pressue as speculation over an early U.S. interest rate hike strengthened the dollar and dulled bullion's appeal.
 
Gold still under pressue as speculation over an early U.S. interest rate hike strengthened the dollar and dulled bullion's appeal.

likely, gold keeps dropping and USDX keeps strong, still if you trade spot gold, you'll know that you can still make profit by trading short.:)
 
20140912goldspot.png

courtesy of http://www.marketvolume.com/
 
Sept.8th ------12th Weekly Spot Gold Trend Review

This week international gold opened at 1268.67USD/oz. high at 1271.83USD/oz. low at 1227.20USD/oz, closed at 1228.10USD/oz, weekly declining 40.20USD, declining ratio 2.17%.
Gold this week kept declining. Stimulated by non-farming payroll at the beginning of this week, gold rebounded to 1271 and the kept declining all the way to about 1250 after broke 1265, then declined to 1240, gold price hit a new low after the increasing expectation of Fed’s raising interest rate.
This week’s U.S. retail sales and CCI kept good, Euro zone industrial output and inflation is tend to stable, these all weaken gold’s function of risk-averse abilities and hedging capabilities. Added by the improvement of Russia-Ukraine relationship and continuous humanitarian assistance that has been delivered to eastern Ukraine, gold encountered heavy selling pressure. The incoming Fed policy meeting will press gold to decline further.
 
Sept. 18th gold price trend analysis

International gold yesterday dropt from a high point, price broke 1230 since dropt from 1239 and dropt all the way down to about 1220, bearish controls the market, especially after Fed raised the interest rate expectation; in today’s Asian trading time, gold rebounded to about 1223USD/oz. and started basing sideways.

U.S. seasonally adjusted CPI in August is not as good as expected, yet monthly income is still strong. The Fed September policy statement contains neutral wording, emphasize that low interest will continue for a while after QE. As the raised interest rate expectation, market is anxious about the accelerating deflation, which pressed gold. Currently gold daily chart bearish controls the market, short term price bases sideway around 1216-1226, trading short when price rebounded would be a good choice. :)
 
Sept. 19th gold price trend analysis

International gold price yesterday raised from a bottom point, stabilized at about 1215 after slightly drop during Europe trading time, price gained some of its losses and based sideways at about 1225 at the end of U.S trading time, in Asian trading time, gold dropt slightly again, currently closed at about 1220 and started basing sideways.

The U.S. last week initial jobless claim was better than expected, while August Housing Starts and Building Permits were not as good as expected, which dragged USDX down from a high point, also helped gold to cover some of its losses. Currently gold daily chart price started basing sideways, gold receive pressure from 1227 and support from 1217.:)
 
gold jinyu Sept. 22nd gold price trend analysis

International gold price continued to drop last trading day, once surged to 1227 then fell after that. Price broke 1220 later and during today’s Asian time even broke 1210, but gained a little after.

Due to the continuous strong USDX, Fed’s expectation of raising interest rate and the gradually calming geopolitics, gold suffered a slump and keeps dropping, currently gold daily chart price is still dominated by bearish, gold suffers the pressure from 1220 and receive some support from 1210. :)
 
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