41 replies to this topic

[goldhj]

gold jinyu Oct. 9th gold price trend analysis

International gold price suffered a violent volatilization. Price dropt to 1206 after climbed to 1219 in Europe trading time, but surged to above 1220 again after the Fed meeting minute. In today’s Asian trading time, gold keeps climbing, and currently climbed to about 1224.

Latest Fed September meeting minute favors the dove faction, committees are concerned about dollar appreciation and weak external economy. Inflation outlook is considered worse than long term target. Plus the numerous idle resources in job market, the expectation of raising interest rate would be slowed down. Gold enjoyed a surge after the meeting minute, USDX on the other hand, suffered a drop. Currently gold daily chart price might suffer a correction after a sharp raise. Long positions in intraday trading would be a good choice.

[goldhj]

gold jinyu Oct. 10th gold price trend analysis

International gold price dropt from a high point. Price once climbed to about 1230 during Europe trading time, then dropt to about 1223 and started basing in U..S trading time. Further raising suffered a blow, in today’s Asia trading time gold corrected at about 1220.

Latest initial jobless claim is better than the expectation, the four weeks average keeps going down indicates that job market is still steady. USDX enjoyed a boost and rebounded. Currently gold daily chart price made a long upper shadow and needs further correction. MACD signal and main line is going smooth, which indicates that violent fluctuation is possible, intraday band trade would be good.

[goldhj]

gold jinyu Oct. 13th Europe-US Trading Recommendation

International gold price last trading day rebounded slightly and stabilized at about 1220, then climbed to 1225 and started correcting itself. The continuous rebound limited gold’s correction space, in today’s Asia trading time, gold rise rapidly, breached 1230 all the way up to about 1334.

U.S. September export price index released a couple days ago appears weak, which indicates US dollar appreciation and oversea economy weakness effected U.S. economy badly. IMF, at the same time, keeps emphasize the slowing down of global economy growth and anticipates that Fed will postpone its raising of interest rate. These data fueled gold’s rebound. USDX, on the other hand, started correcting. Currently gold still enjoys the rebound momentum while 1230 is yet to be tested. Intraday trading doing long would be good.

[goldhj]

gold jinyu Oct. 14th gold price trend analysis

International gold suffered a violent fluctuation, price climbed to about 1236 then fell to below 1230 in yesterday’s Asia trading time, and it raised again and climbed to a bout 1235. In today’s Asia trading time, gold corrected slightly and fell to about 1233.
Fed official Evans’s speech favors the dove faction. He emphasized that Fed will postpone the raising of interest rate. His speech added by the Ebola caused Euro-U.S. stock market to fall and gold to raise. Currently gold made a medium raise, the rebound keeps effect gold. MACD data gives buying support, long positions during intraday correction would be good.

[goldhj]

gold jinyu Oct. 15th gold price trend analysis

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.

[goldhj]

gold jinyu Oct. 16th gold price trend analysis

International gold price surged up few hours before, rise from 1221, the rise was almost 30USD, and even climbed to about 1249 in U.S. trading time, market bullish is very strong, in today’s Asia trading time gold dropped slightly and based around 1240.

U.S. September retail sales and factory price PPI was weak, dragged USDX diving about 100 points, this also boost gold to breach 1240. In addition, the stock markets keeps weak, declining treasury yields. Gold currently made another winning streak, gold daily chart keeps fluctuating and climbing up, trading long positions after MACD heavy volume.

Edited by goldhj, 16 October 2014 - 04:15 AM.

[goldhj]

Oct. 17th gold price trend analysis

International gold price based sideways last trading day, rebounded to about 1243 multiple times after stabilized at 1238. Price is still at the basing phase, both upside and downside are trying to push gold, in today’s Asia trading time gold corrected a little, fluctuate around 1240.

U.S. last week initial jobless claim is better than expected, yet subsequent jobless claim on the other hand is not as good as expected, September industrial output is better than last month. But October housing market index dropped sharply. Under the comprehensive influence, USDX keeps correcting, gold made a small rise. Currently gold daily chart MACD main and signal is approaching zero axis, red bar’s stabilization helps gold to rise, waiting for market fluctuation during intraday would be good.

[goldhj]

gold jinyu Oct. 20th gold price trend analysis

International gold price dropt slightly last trading day. Price corrected itself around 1238 after failed to breach 1243. Gold is still facing a big pressure from upside although price kept rebounding. In today’s Asia trading time, gold went downside slightly then climbed to about 1236 again and correcting.

U.S. September housing starts and building permits are mixed, but October university of Michigan CPI keeps high, which boost USDX rebounded from a bottom point and limited gold’s upstream. Currently gold daily chart price is basing sideways, MACD lines are fluctuating around zero axis, pressure comes from 1243 and support from 1233.

[goldhj]

gold jinyu Oct. 21st precious metal (gold) price trend analysis

International gold price volatilized and went upside, climbed all the way up to 1248 after stabilized at 1236, at the end of U.S. trading gold corrected around 1247, currently in Asia trading time closed at about 1245.

Dallas Fed President Fisher said that Fed will end QE in the policy meeting at the end of this month according to schedule, yet gold rebounded to about 1250 as the reaction of his speech. Currently gold daily chart is tend to bullish after a few days of winning streak, MACD red bar went smooth, trading long would be a good choice during intraday trading.

[goldhj]

gold jinyu Oct. 27th precious metal(gold) price trend analysis International gold price dropt slightly last trading day. Gold, depending on the support comes from 1226, once rebounded to about 1235 then dropt to about 1230 and started basing, market bearish and bullish are trying to dominate the price, in today’s Asia trading time gold rebounded slightly and basing around 1231. U.S. September new home sales increased slightly, added by the strong existing home sales, the house market is getting stabilized. USDX still has the power to rebound, gold faces some pressure and started correcting. Currently gold made a three days dropping, MACD red bar is tend to shrink to zero axis, gold is facing the resistance from 1236 and support from 1226.