Gold price analysis

goldhj

Member
74 1
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:
 
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ffsear

Senior member
2,158 439
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
 

goldhj

Member
74 1
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.:)
 
M

member275544

0 0
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.
 

goldhj

Member
74 1
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.:)
 

Vicorka

Active member
246 7

courtesy of http://www.marketvolume.com/
 

goldhj

Member
74 1
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.
 
 
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