Posted 4 years ago on Sept. 29, 2014, 2:13 a.m. EST by goldhj
This content is user submitted and not an official statement
International gold price dropt from a high point last trading day, volatilized down to 1213 then rebounded. At the end of U.S. trading time, gold closed at about 1220, which indicates that gold is still weak; gold corrected itself at about 1218 in today’s Asian trading time. U.S. second quarter GDP final value kept revising up to 4.6%, CCI is also strong, boost USDX to create hit a new record and press gold to make a correction. Currently gold daily chart started a horizontal price movement. MACD signal and value is merging, gold price now is facing the pressure from 1223 and receiving the support from 1213.