Posted 6 years ago on Nov. 7, 2014, 3:27 a.m. EST by goldhj
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.