Posted 5 years ago on Oct. 29, 2014, 4:39 a.m. EST by goldhj
This content is user submitted and not an official statement
International gold price rebounded slightly last trading day, once dropt to 1222 then climbed up again, being pressed after surged to about 1234 in Europe trading time, all the way down to 1228 in U.S. trading time. Gold raised slightly in today’s Asia trading time, based around about 1229. U.S. September durable production orders and August HPI are not as good as expected, USDX was pressed by that and dropt to about 85.3, yet October manufacturing index was strong, and boost USDX to rebound, gold on the other hand went downside. Currently gold daily chart price is correcting around bollinger band center line after yesterday’s winning streak, MACD signal and main has already merged, possible market fluctuation. Trading short in intraday trading would be a good choice.