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[goldhj]

gold jinyu Nov. 13th precious metal/commodity (gold) price trend analysis

International gold price volatilized and went downside. After climbed up to 1168, price dropt because of the pressure, it based around 1161 at the end of U.S. trading time. In today’s Asia trading time gold raised from a bottom line, climbed from 1156 to about 1160.

U.S. September Wholesale Inventories and wholesale sale is slightly better than last month, which boost USDX rebounded sharply, Europe currencies went down along with gold. Currently gold daily chart price is basing, MACD main and signal is going smooth, increasing the market volatilization cycle, band trade during intraday trading would be a good choice.

[goldhj]

gold jinyu Nov. 14th precious metal/commodity (gold) price trend analysis

International gold price suffered a violent fluctuation, volatilized around 1160. Price dropt from a relatively high point in U.S. trading time, failed to breach 1170 indicates that gold may go down. In today’s Asia trading time, gold raised from 1158 to 1160 and started basing.

U.S. initial jobless claim was not as good as expected, yet the following job vacancy decreased sharply indicates that September number of hiring made a big leap. These data boost USDX volatilized and went strong, gold on the other hand, went downside. Currently gold daily chart is basing, MACD main and signal is going smooth. Short trading in wave band would be a good choice.