Forum Post: gold jinyu Oct. 27th precious metal (gold) price trend analysis
Posted 10 years ago on Oct. 27, 2014, 4:13 a.m. EST by goldhj
(7)
This content is user submitted and not an official statement
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.
The Bigger They Are,The Harder They Fall Crude Oil WTI 80.18 -0.83 -01.02% Brent 85.39 -0.74 -0.86% Stymied Gld 1,229.10 -2.70 -0.22% Slv 17.20 +0.01 +0.08% Markrt 50% cornered @LME 306.65 +2,55 +0.84% Junk-Pump Dump Slump 16,773.69 -31.72 -0.19% S&P500 1,959.53 -505 -0.26% Nasdaq 4.474.92 -8.79 -0.20% Mrs.W Staerts Good Hair Day Nikkei 225 15,389 +97 +0.63% Shrinkage Now&Later Hang Seng 23,143.23 -158.97 -0.68% Shanghai 2,240.44 -11.84 -0.51% Fake It Til You Don't Make It Ftse 6,363.46 -25.27 -0.40% Cac 40 4,096.74 -32.16 -0,78% Dax 8,902.61 -85.19 -0.95% Market Broke AGAIN-Nyse Arca & Bats 338 symbols failed to report 10:18-10:28 AM EST eMini liquidity showed 4th lowest level ever this morning.Today at 11 AM EST the NY Fed Open Markets Desk on the 9th floor at 33 Liberty Street concluded POMO # 933 with a 0.85-1.05 Billion long end bond buyback.Window will remain closed until such time..."Adios,Mofos." 2:31 pm est 10/27/14