gold jinyu Nov. 12th 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 climbed and rebounded yesterday(GMT+8). Relied on 1150 support, gold climbed up to about 1170 at the end of U.S. trading time, then dropt to about 1163 and started basing. In today’s Asia trading time, gold continues to rebound after a slight drop. Currently gold is basing around 1165.
The drop of USDX gives gold a breath room and opportunity to rebound, but the pressure is still big, which makes gold volatilize. the speech given by Fed’s official Plosser also emphasize that the inflation level is still steady, thus the impact of USD’s appreciation is limited. Currently gold daily chart price is tend to base. MACD green bar keeps shorten makes gold hard to predict, band trading during intraday trading seems to be the reasonable decision.

http://www.hj9999.com/

Forum Policy

Return to Index