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Forum Post: gold jinyu Sept. 30th gold price trend analysis

Posted 3 years ago on Sept. 30, 2014, 2:40 a.m. EST by goldhj (7)
This content is user submitted and not an official statement

International gold yesterday volatilized and went downside, once rebounded to 1220 then dropt. Price went to 1215 at the end of U.S. trading time, in today’s Asian early trading time, gold rebounded a little, and consolidated at about 1217. U.S. August core annualized PCE price index and August monthly personal income expenses are better than expected, yet August pending house sales is not as good as expected. Under the combined influence, USDX is basing on a high point; gold , on the other hand, went downside. Currently gold daily chart market price keeps basing sideways after two days of dropping, the pressure comes from 1223 and the support comes from 1211.

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