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TFC Commodity Trading Forum

Sept. 22nd gold price trend analysis *LINK*

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.