Forum Post: gold jinyu Oct. 20th gold price trend analysis
Posted 10 years ago on Oct. 20, 2014, 4:57 a.m. EST by goldhj
(7)
This content is user submitted and not an official statement
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.
Steep Ramp Tramp Traction:Djia 16,399.67 +19.26 +0.12% S&P 500 1,904.01 +17.25 +0.91% Nasdaq 4,316.07 +57.64 +1.35% Canadian Pornography:Tsx 14,337.77 +110.09 +0.77% False Teeth Lost on Roller Coaster:iBovespa 54,302.57 -1,431.22 -2.55% Mellow Harshed by Getting Caught Shoplifting Ftse 1006267.07 -43.22 -0.68% Sleeping in Dirty Clothes Cac 40 3991.24 -41.94 -1.04% Hit by Shit:Dax 8,717.76 -132.51 -1.50% Still Hopeless after All These Years:Nikkei 225 15,038 -74 -0.49% Life is But A Dream:Hang Seng 23,131.65 +61,39 +0.27% Shanghai 2,360.20 +1.25 +0.05% Rama Mantra Apparently Worked:Sensex 26,429.85 +321.32 +1.23% BustBoomBurn:Crude Oil WTI 82.85 +0.13 +0.17% Brent 85.82 +0.02 +0.02% Bloodied but Unbowed Gld 1.246.60 +1.90 +0.15% Slv 17.39 + 0.04 +0.24 Cpr 299.00 +0.20 +0.07% VXX:US 35.6000 -2.9800 -7.72% 11:03 est 10/20/14