Forum Post: gold jinyu Oct. 30th precious metal (gold) price trend analysis
Posted 10 years ago on Oct. 30, 2014, 3:53 a.m. EST by goldhj
(7)
This content is user submitted and not an official statement
International gold price yesterday suffered a slump, volatilized to a bout 1223 in Europe trading time, broke 1220 and dropt all the way down to about 1210 very quick in U.S. trading time and started basing. In today’s Asia trading time, gold rebounded slightly, currently basing around 1214.
Fed’s October interest rate decision and ended QE created a positive attitude for the economy and job market. The statement also favored the hawk faction and omitted the weak oversea economy, which boost USDX raised sharply up to above 86, also pressed gold. Currently gold daily chart price is still not stabled after this slump, MACD signal and main line merged and drove away from the zero axis, increasing the pressure of short. Trading short in intraday trading would be a wise choice.
Market Break again today-right on time-2:09 est 10/30/14 NYSE inoperable,C2 Exchange OPRA/STAC outage CBOE OPRA/STAC outage-Bigger quote failure than the 2013 Nasdaq Blackout...Beggars On Horseback Riding for a Fall Djia 17,195.42 +221.11 +1.30% S&P 500 1,994.65 +12.35 +0.62% Nasdaq 4,566.14 +16.91 +0.62% Pump&Pump Ftse 100 6,463.55 +9.68 +0.15% Cac 4,141.24 +30.60 +0.15% Blinkers On Dax 9.119.84 +32.03 +0.35% Mrs.W Finds Money in Couch Cushions Nikkei 225 15,861 +203 +1.29% Rancid Dumplings For Lunch Hang Seng 23,702.04 -117.83 -0.49 Hot Sauce Makes Rancid Dumplings Edible Shanghai 2,391.08 +18.05 +0.76% Safety Off,Gun in Mouth Crude Oil WTI 80.97 -0.15 -0.18% Brent 86.24 -0.88 -1.01% What Breaks First? Gld 1,200.30 +1.70 +0.14 Slv 16.50 +0.09 +0.52% Cpr 305.50 +0.25 +0.08% WhiskeyTangoFoxtrot Vixy:US 20.7200 +0.1000 +0.48% Vxx:US 31.1400 +0.1210 +0.39% Xiv:US 34.2100 -0.1200 -0.35% 9:28 est 10/30/14