Sept. 12th gold price trend analysis *LINK*

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International gold price dropt again and hit a new low after self correction. Price once rebounded, but under the pressure of market bearish, lost 1240 and kept declining; gold price keeps declining in today’s Asian trading time, currently closed at about 1233USD/oz.

As for information, EU announced sanction against Russia in order to make sure the peace process of Ukraine would go smoothly. Russia, on the other hand, emphasized that it will continue help the peace process to move forward, thus gold keeps declining. Currently USDX keeps strong, gold may find support at 1231, trading short would good.

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

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