41 replies to this topic

[goldhj]

hi, everyone, I'm gonna post daily gold price trend analysis here, if you are interested in trading spot gold or simply want to know more , you can contact me by private message. thanks Sept. 11 International gold price volatilized and went downside, after rebounded to 1257 and then dropt again. Gold price broke 1250 later, which indicates that market bearish is in control. In today’s Asian trading time market corrected itself, currently closed at about 1248. Due to the agreement of Ukraine government and its eastern armed militias and Russia’s withdraw, the risk avoiding mood dropt sharply. The USDX also formed a very strong pressure against gold price. Currently gold is weak, market bearish is in control. 1253 is the resistant point, 1243 is the support point, trading short when price is approaching resistant point would be a good choice.

[gismeu]

hi, everyone, I'm gonna post daily gold price trend analysis here, if you are interested in trading spot gold or simply want to know more , you can contact me by private message. thanks

Sept. 11
International gold price volatilized and went downside, after rebounded to 1257 and then dropt again. Gold price broke 1250 later, which indicates that market bearish is in control. In today’s Asian trading time market corrected itself, currently closed at about 1248.

Due to the agreement of Ukraine government and its eastern armed militias and Russia’s withdraw, the risk avoiding mood dropt sharply. The USDX also formed a very strong pressure against gold price. Currently gold is weak, market bearish is in control. 1253 is the resistant point, 1243 is the support point, trading short when price is approaching resistant point would be a good choice.

Hi goldhi,

do you have bottom targets for Gold and Silver?

I think Silver (futures) will fall to around 18.20 and for Gold the next steps down are 1225 and 1205 (futures)

thanks gis

[goldhj]

hi, everyone, I'm gonna post daily gold price trend analysis here, if you are interested in trading spot gold or simply want to know more , you can contact me by private message. thanks

Sept. 11
International gold price volatilized and went downside, after rebounded to 1257 and then dropt again. Gold price broke 1250 later, which indicates that market bearish is in control. In today’s Asian trading time market corrected itself, currently closed at about 1248.

Due to the agreement of Ukraine government and its eastern armed militias and Russia’s withdraw, the risk avoiding mood dropt sharply. The USDX also formed a very strong pressure against gold price. Currently gold is weak, market bearish is in control. 1253 is the resistant point, 1243 is the support point, trading short when price is approaching resistant point would be a good choice.

Hi goldhi,

do you have bottom targets for Gold and Silver?

I think Silver (futures) will fall to around 18.20 and for Gold the next steps down are 1225 and 1205 (futures)

thanks gis

bottom targets...well it actually depends on U.S. economy data and fight between Russia and EU. short term I think gold will still going down. U.S. data might be strong for another couple months or even longer, Russia on the other hand doesn't want to make its appearance more ugly. But, hi , trading spot gold still can get profit, actually trading short will gain some profit.

[goldhj]

gold jinyu Sept. 12th gold price trend analysis International gold price dropt again and hit a new low after self correction. Price once rebounded, but under the pressure of market bearish, lost 1240 and kept declining; gold price keeps declining in today’s Asian trading time, currently closed at about 1233USD/oz. As for information, EU announced sanction against Russia in order to make sure the peace process of Ukraine would go smoothly. Russia, on the other hand, emphasized that it will continue help the peace process to move forward, thus gold keeps declining. Currently USDX keeps strong, gold may find support at 1231, trading short would good.

[goldhj]

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.

[goldhj]

Sept.8th ------12th Weekly Spot Gold Trend Review

This week international gold opened at 1268.67USD/oz. high at 1271.83USD/oz. low at 1227.20USD/oz, closed at 1228.10USD/oz, weekly declining 40.20USD, declining ratio 2.17%.

Gold this week kept declining. Stimulated by non-farming payroll at the beginning of this week, gold rebounded to 1271 and the kept declining all the way to about 1250 after broke 1265, then declined to 1240, gold price hit a new low after the increasing expectation of Fed’s raising interest rate.

This week’s U.S. retail sales and CCI kept good, Euro zone industrial output and inflation is tend to stable, these all weaken gold’s function of risk-averse abilities and hedging capabilities. Added by the improvement of Russia-Ukraine relationship and continuous humanitarian assistance that has been delivered to eastern Ukraine, gold encountered heavy selling pressure. The incoming Fed policy meeting will press gold to decline further.

[goldhj]

International gold price yesterday dropt from a relatively high point, once approached 1238 and then dropt to 1231. Gold price stabilized at about 1233 at the end of U.S. trading time, price once tried to rebound but suppressed by bearish market. In today’s Asian trading time, gold rebounded slightly, climbed up to about 1236. U.S. September New York manufacturing index was strong, while August industrial output was not as good as expected, dragged USDX down from a high point, also lifted gold to rebounded and stopped its decline. Currently gold daily chart price created a small raise, MACD green bar is going smooth, traders should pay attention to the 1240 resistant point and 1230 support point. doing band trade would be a good choice.

[goldhj]

Sept. 17th gold price trend analysis

International gold yesterday fluctuated violently, Gold climbed to about 1240 then stabilized at 1232 during EU trading time. Price tried to climbed up to 1240 and stabilized at about 1235 at the end of U.S. trading time, in today’s Asian trading time, gold made a shock wave again, currently closed at about 1237.
U.S. August PPI is flat, annual rate also meet the expectation, mixed data can only has limited effect on USDX, short term USDX correction gives gold breathing space. Currently gold daily chart price’s rebound depends on the support received from 1230, while the U.S. data and Fed policy statement will make a great impact on gold price. Downside support will also be tested. gold jinyu

[goldhj]

gold jinyu Sept. 18th gold price trend analysis

International 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.

[goldhj]

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.