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Forum Post: gold jinyu Sept. 26th gold price trend analysis

Posted 3 years ago on Sept. 26, 2014, 2:36 a.m. EST by goldhj (7)
This content is user submitted and not an official statement

International gold price yesterday raised from a bottom line, market rebound is very clear after oversold, added by the slump of Euro-U.S. stock market, gold surged to above 1220 during U.S. trading time; in today’s Asian trading time market corrected itself and based around 1223. The latest initial jobless claim is better than expected, yet August durable goods orders is weak, dragged USDX fall from a high point and lift gold from the bottom; continuous attacking Islamic states militants caused worries about regional conflict, with the slump of stock market, avoiding risks mood raised a lot and boost gold’s rebound. Currently gold daily chart market price volatilization is increasing after the lower wick and the MACD green bar shorten to neutral axis. The pressure comes from 1229 and the support from 1216.

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[-] 1 points by trashyharry (3082) from Waterville, NY 3 years ago

The Gold Buying Season in India is upon us.Check out how Chinese and Russian institutional and retail buyers are Stacking That Physical ! Massive manipulation in Gold & Silver but everybody-Keep On Stacking!

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