gold jinyu Oct. 20th gold price trend analysis *LINK*

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International gold price dropt slightly last trading day. Price corrected itself around 1238 after failed to breach 1243. Gold is still facing a big pressure from upside although price kept rebounding. In today’s Asia trading time, gold went downside slightly then climbed to about 1236 again and correcting.

U.S. September housing starts and building permits are mixed, but October university of Michigan CPI keeps high, which boost USDX rebounded from a bottom point and limited gold’s upstream. Currently gold daily chart price is basing sideways, MACD lines are fluctuating around zero axis, pressure comes from 1243 and support from 1233.

http://www.hj9999.com/

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