Forum Post: gold jinyu Oct. 8th gold price trend analysis
Posted 10 years ago on Oct. 8, 2014, 4:03 a.m. EST by goldhj
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International gold yesterday kept rebounding, climbed to about 1213 after stabilized at 1203, at the end of the U.S. trading time gold corrected and declined slightly to 1209. In today’s Asian trading time, gold raised again all the way up to about 1214. Fed officials’ varied opinions of raising interest rate and IMF’s revising its global economic growth expectations give gold the support it needs to rebound. Currently gold daily chart price has climbed above 1210, the pressure is building up after the oversold rebound. Pressure comes from 1219, support from 1203.
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