Forum Post: 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.