Sept. 11th gold price trend analysis *LINK*

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International gold price volatilized and went downside, after rebounded to 1257 and then dropt again. Gold price broke 1250 later, which indicates that market bearish is in control. In today’s Asian trading time market corrected itself, currently closed at about 1248.

Due to the agreement of Ukraine government and its eastern armed militias and Russia’s withdraw, the risk avoiding mood dropt sharply. The USDX also formed a very strong pressure against gold price. Currently gold is weak, market bearish is in control, 1253 is the resistant point, 1243 is the support point, trading short when price is approaching resistant point would be a good choice.

http://www.hj9999.com/trading-guideline/trend-analysis/

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