Sept. 11th gold price trend analysis *LINK*

Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

Forum Policy

Return to Index

TFC Commodity Trading Forum

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/

Forum Policy

Return to Index