Hi guys, I'm gonna post daily gold price trend analysis here if any one of you are interested in spot gold trading or simply want to know more, you can contact me through skype(goldjinyu1, goldjinyu2) or yahoo messenger(jinyu gold) or visit my facebook (gold jinyu) or maybe just visit our site hj9999.comSept. 18th gold price trend analysisInternational gold yesterday dropt from a high point, price broke 1230 since dropt from 1239 and dropt all the way down to about 1220, bearish controls the market, especially after Fed raised the interest rate expectation; in today’s Asian trading time, gold rebounded to about 1223USD/oz. and started basing sideways.
U.S. seasonally adjusted CPI in August is not as good as expected, yet monthly income is still strong. The Fed September policy statement contains neutral wording, emphasize that low interest will continue for a while after QE. As the raised interest rate expectation, market is anxious about the accelerating deflation, which pressed gold. Currently gold daily chart bearish controls the market, short term price bases sideway around 1216-1226, trading short when price rebounded would be a good choice.
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18-09-2014, 09:08 AM #1
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daily gold price trend analysis
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19-09-2014, 09:13 AM #2
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gold jinyu Sept. 19th gold price trend analysis
International gold price yesterday raised from a bottom point, stabilized at about 1215 after slightly drop during Europe trading time, price gained some of its losses and based sideways at about 1225 at the end of U.S trading time, in Asian trading time, gold dropt slightly again, currently closed at about 1220 and started basing sideways.
The U.S. last week initial jobless claim was better than expected, while August Housing Starts and Building Permits were not as good as expected, which dragged USDX down from a high point, also helped gold to cover some of its losses. Currently gold daily chart price started basing sideways, gold receive pressure from 1227 and support from 1217.
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22-09-2014, 08:30 AM #3
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gold jinyu Sept. 22nd gold price trend analysis
International gold price continued to drop last trading day, once surged to 1227 then fell after that. Price broke 1220 later and during today’s Asian time even broke 1210, but gained a little after.
Due to the continuous strong USDX, Fed’s expectation of raising interest rate and the gradually calming geopolitics, gold suffered a slump and keeps dropping, currently gold daily chart price is still dominated by bearish, gold suffers the pressure from 1220 and receive some support from 1210.
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23-09-2014, 10:42 AM #4
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Sept. 23rd gold price trend analysis
International gold yesterday touched a bottom line and rebounded, received support from 1211 and started rebounding, raised to 1220 during U.S. trading time then dropt again and corrected itself at about 1215; in today’s Asian trading time, gold is slightly higher, correcting at about 1218.
U.S. August annualized existing home sales was not so good while Euro zone September CCI remains weak, which makes USDX strong and hit another record, gold on the other hand finds support after a few days of declining but still weak. Gold price might receive strong support from 1213 and get pressed by 1223, short term band trading would be a good choice.
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24-09-2014, 08:56 AM #5
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25-09-2014, 10:27 AM #6
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26-09-2014, 07:35 AM #7
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29-09-2014, 07:16 AM #8
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gold jinyu Sept. 29th gold price trend analysis
International gold price dropt from a high point last trading day, volatilized down to 1213 then rebounded. At the end of U.S. trading time, gold closed at about 1220, which indicates that gold is still weak; gold corrected itself at about 1218 in today’s Asian trading time.
U.S. second quarter GDP final value kept revising up to 4.6%, CCI is also strong, boost USDX to create hit a new record and press gold to make a correction. Currently gold daily chart started a horizontal price movement. MACD signal and value is merging, gold price now is facing the pressure from 1223 and receiving the support from 1213.
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30-09-2014, 07:38 AM #9
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06-10-2014, 07:11 AM #10
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