Sept. 15th Gold Price Trend Analysis *LINK*

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International gold price volatilized and went downside last trading day, touched 1227 after broke 1230, closed at about 1230 at the end of U.S. trading time, market bearish is still the dominant party. Gold rebounded slightly in Asian trading time, currently closed at about 1231USD/lot.

U.S. August retail sales and CCI released last Friday(GMT+8) was good and improved the expectation of Fed’s raising interest rate, also pressed gold to hit a new low. Currently gold daily chart price is still weak after several days of declining. gold price now is facing pressure from 1236 and receiving support from 1226. Short term trading short would a good choice.

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

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