Abstract: Gold Xianyanghouyi Thursday, to $ 1364.97 high pressure after the sharp drop near the end of a continuous upward trend. Plate near the end to close at $ 1,335, multi-party power has weakened. Weidong Jin Road, this special force analysts said yesterday as profit-taking multi-market, so the price of gold finished lower, ending a continuous upward trend, closing the end of a plate with a long upper shadow of the great Yin Xian, that multi-market forces is weakening, investors may consider profit multi-ship departure. The daily chart MACD indicators have begun to turn down the fast lane, suggesting that the short side to take the initiative, while also high Sicha random KD said that the power is declining gold prices.
Gold Xianyanghouyi Thursday, to $ 1364.97 high pressure after the sharp drop near the end of a continuous upward trend. Plate near the end to close at $ 1,335, multi-party power has weakened. Weidong Jin Road, this special force analysts pointed out that non-farm data on the eve of investors are considering multi-profit positions, resulting in spikes of gold fell, gold is likely to continue down the afternoon to seek support, multi-profit investors may consider profit as well, to be obtained under the support, then to do more to consolidate the trend.
Asian and European session last night, gold maintained shock upstream, extending recent strong, European Central Bank and Bank of England have kept interest rates unchanged for the euro and the pound to power, to suppress the dollar index, boost gold prices. Also after the European Central Bank's optimistic statement, but also provide energy for the euro. European Central Bank President Jean-Claude Trichet yesterday after the central bank rate decision press conference that the current interest rate level is appropriate monetary policy stance remains accommodative. Although the data and survey results saying that the economy slowed in the second quarter, the performance of the second half of the recovery will be moderate, but the euro-zone economy is still the potential kinetic energy to the good. Optimistic remarks increased the eurozone's economic recovery is expected to stimulate the euro up, weighing on the dollar index, which brings support for the uplink of gold.
Into the New York disk, unexpected U.S. jobs data due to the good, an increase of non-agricultural market data tonight optimistic expectations, the trend to bring support for the dollar index, and the resulting rebound in the dollar index bottomed, to suppress the gold trend, another multi-gold large-scale profit taking to take advantage of the high shipping, but also exacerbated the price of gold fell. U.S. Labor Department report released on Thursday, October 2nd week of jobless claims decreased 11,000 to 445,000 people. The data unexpectedly July 10 fell to its lowest level since, showing signs of job market turns for the better. U.S. job market is warming, stimulating the dollar index rebounded to suppress the gold trend.
Gold funds are also taking advantage of large international gold price high of shipping profits, the world's largest gold exchange-traded fund (ETF) - SPDR Gold Trust, said its October 7 gold ended less than 1% of the positions or 13.34 tons, down to 1288.542 tons, Oct. 4 to 1,301.913 tons. Gold ETF ship again, suggesting that the high stages will be the end of the gold, retail investors have to follow the shipping market, leading to accelerated decline of gold plate yesterday in New York.
Tonight will mark the heavy market data this month, the U.S. unemployment rate in September, before the value of 9.6%, forecast 9.7%; the United States rose 9 adjusted non-farm employment change (million), before the value of -5.4 million, forecast value +3000. Since U.S. employment data released last night, unexpectedly turn for the better, non-agricultural market data released this month also more optimistic, if the data gets warmer, it will boost the dollar rebound and accelerate gold callback.
From a technical point of view, the daily chart of gold prices remain in the channel, to maintain upward trend in the same, but yesterday as profit-taking multi-market, so the price of gold finished lower, ending a continuous upward trend, Onchocerca collected a long upper shadow with great Yinxian, that multi-market forces are weakened, investors can consider profit multi-ship departure. The daily chart MACD indicators have begun to turn down the fast lane, suggesting that the short side to take the initiative, while also high Sicha random KD said that the power is declining gold prices. Golden days of short-term support at $ 1320 -1310 U.S. dollars; golden days of short-term resistance at $ 1345 -1355 U.S. dollars. (Gold Road, Special to the analyst force Weidong) |
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