gold jinyu Oct. 7th gold price trend analysis *LINK*

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International gold price raised from a bottom line yesterday, made a sharp rebound from 1190 to 1200. At the end of U.S. trading time climbed to about 1206, continuous fall gathered support for gold’s rebound. In today’s Asian trading, gold raised slightly and based around 1204.

U.S. September conference board employment trends index is better than expected, yet fed's employment market index doesn’t reach monthly average, added by the correction of USDX, gold recovered its loss and climbed to 1200. The job market, on the other hand, is still pressuring gold. Currently gold daily chart based around 1200, pressure comes from 1209, support from 1195.

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

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