Forum Post: gold jinyu Oct. 31st precious metal (gold) price trend analysis

International gold price kept dropping yesterday, broke 1200 in Europe trading time, and fluctuated around 1200 in U.S. trading time, bear pressure makes gold weak, in today’s Asia trading time gold dropt slightly, basing around 1199. U.S. third quarter GPD initial value is better than expected, indicating that U.S. economy is stabilized and growing. These data boost USDX strong, press gold volatilizing and dropping. Silver even created a four-year new low. Currently gold daily chart price keeps dropping after two days of slump. Intraday trading doing short would be better.