Posted 5 years ago on Oct. 27, 2014, 4:13 a.m. EST by goldhj
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.