gold dropt slightly, support line yet to be tested *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 dropt from a high point, once climbed to about 1238 and pressed by oversell and went downside, yet the decline ratio is limited. In today’s Asia trading gold keeps correcting, broke 1230 and based around 1227.

Euro zone economic data continues to point toward a slowdown. the concern of Insufficient demand for crude oil lead oil price’s tumbling, USDX seized the opportunity and climbed to about 86, gold on the other hand, started correcting. Currently gold daily chart made a shade line and started correcting around 1230. MACD red bar went smoothly and made price volatilize. short positions when price touched the resistant line during intraday trading would be a good choice.

http://www.hj9999.com/gift/mnds/

Forum Policy

Return to Index