Thread: daily gold price trend analysis

The gold prices have been at its lowest, there are still very confusing signs for any further movement, must wait for a while.

Originally Posted by vic84

The gold prices have been at its lowest, there are still very confusing signs for any further movement, must wait for a while.

well, just half day, gold has recovered some of its losses and started basing. won't volatile violently for another couple of days.

International gold price raised from a bottom line yesterday, made a sharp rebound from 1190 to 1200. At the end of U.S. trading time climbed to about 1206, continuous fall gathered support for gold’s rebound. In today’s Asian trading, gold raised slightly and based around 1204.

U.S. September conference board employment trends index is better than expected, yet fed's employment market index doesn’t reach monthly average, added by the correction of USDX, gold recovered its loss and climbed to 1200. The job market, on the other hand, is still pressuring gold. Currently gold daily chart based around 1200, pressure comes from 1209, support from 1195.

International gold yesterday kept rebounding, climbed to about 1213 after stabilized at 1203, at the end of the U.S. trading time gold corrected and declined slightly to 1209. In today’s Asian trading time, gold raised again all the way up to about 1214.

Fed officials’ varied opinions of raising interest rate and IMF’s revising its global economic growth expectations give gold the support it needs to rebound. Currently gold daily chart price has climbed above 1210, the pressure is building up after the oversold rebound. Pressure comes from 1219, support from 1203.

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.

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.

International gold price last trading day rebounded slightly andstabilized at about 1220, then climbed to 1225 and started correcting itself.The continuous rebound limited gold’s correction space, in today’s Asia tradingtime, 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, whichindicates US dollar appreciation and oversea economy weakness effected U.S.economy badly. IMF, at the same time, keeps emphasize the slowing down ofglobal economy growth and anticipates that Fed will postpone its raising ofinterest rate. These data fueled gold’s rebound. USDX, on the other hand,started correcting. Currently gold still enjoys the rebound momentum while 1230is yet to be tested. Intraday trading doing long would be good.

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.

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.

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.