Forum Post: goldj inyu Nov. 7th precious metal (gold) price trend analysis
Posted 9 years ago on Nov. 7, 2014, 3:27 a.m. EST by goldhj
(7)
This content is user submitted and not an official statement
International gold price dropt from 1149 last trading day, rebounded from 1138 later, but blocked by 1148 and went downside again. At the end of U.S. trading time gold corrected around 1143, in today’s Asia trading time gold keeps weak, basing around 1141. ECB interest rate decision keeps unchanged. Yet Draghi’s speech pressed Euro. Initial jobless claim appears good made USDX create a new high, gold on the other hand, dropt. The incoming US Non-farm Payrolls will effect gold significantly, currently market is still bear, daily chart is not stabilized yet, whether downside 1130 support can be tested is not clear, short positions seems to be the right choice.
A Night at the Opera,followed by a Day at the Races followed by a Saratoga Stemwinder followed by either a Roll in the Gutter or Marriage to a Chinese Heiress,or Both:Crude Oil WTI 78.93 +1.03 +1.31% Brent 83.57 +0.71 +0.86% Gld 1,169.50 +25.90 +2.35% Slv 15.70 +0.28 +1.83% Cpr 303.80 +2.05 +0.68% Don't trust Bathtub Gin Djia 17,571.45 +16.98 +0.10% S&P 500 2,032.44 +1,23 +0.06% Nasdaq 4,636.79 +107.44 +0.74% Rent Raised at the Flophouse Amid Bedbug Infestation Ftse 100 6.567.24+16.09 +0.25% Cac 40 4,189.89 -37.74 -0.89% Dax 9,291 -85.58 -0.91% Mrs.W Regains Consciousness in the Hospital-Children Comatose,Fighting 3rd Degree Burns During Cancer Chemo Nikkei 225 16,880 +88 +0.52% Cold Noodles in the Cold Rain Hang Seng 23.550.24 -99.07 -0.42% Shanghai 2,418.17 -7.69 -0.32% 2:35 est 11/7/14