Gold price analysis

[goldhj]

Silver Spot 2-year Chart (orange line US Dollar index)

Gold Spot 5-year Chart (orange line US Dollar index)

Charts courtesy od www.marketvolume.com

if you want to post your chart, please open a new thread by yourself. OK ?

 

[goldhj]

gold jinyu Oct. 7th gold price trend analysis

International gold price raised from a bottom line yesterday, made a sharp rebound from 1190 to 1200. At the end of U.S. trading time climbed to about 1206, continuous fall gathered support for gold’s rebound. In today’s Asian trading, gold raised slightly and based around 1204.
U.S. September conference board employment trends index is better than expected, yet fed's employment market index doesn’t reach monthly average, added by the correction of USDX, gold recovered its loss and climbed to 1200. The job market, on the other hand, is still pressuring gold. Currently gold daily chart based around 1200, pressure comes from 1209, support from 1195.

 

[brewski1984]

It's got to be a buy surely?

 

[goldhj]

It's got to be a buy surely?

70 percent sure, after a long term of declining, gold would recover for a while, short term you can buy it, well, still, I can't tell you exactly what will happen next, band trade would be a safe choice for spot gold trading. if you want to know more or simply just interested in trading spot gold, you can find me through skype(gold jinyu1 or gold jinu 2), yahoo Messenger (gold jinyu) or facebook(gold jinyu).

 

[goldhj]

gold jinyu Oct. 8th gold price trend analysis

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.

 

[goldhj]

gold jinyu Oct. 9th gold price trend analysis

International gold price suffered a violent volatilization. Price dropt to 1206 after climbed to 1219 in Europe trading time, but surged to above 1220 again after the Fed meeting minute. In today’s Asian trading time, gold keeps climbing, and currently climbed to about 1224.
Latest Fed September meeting minute favors the dove faction, committees are concerned about dollar appreciation and weak external economy. Inflation outlook is considered worse than long term target. Plus the numerous idle resources in job market, the expectation of raising interest rate would be slowed down. Gold enjoyed a surge after the meeting minute, USDX on the other hand, suffered a drop. Currently gold daily chart price might suffer a correction after a sharp raise. Long positions in intraday trading would be a good choice.

 

[goldhj]

Gold futures continued the recovery on bargain buying
ahead release of minutes of Federal Reserve's September
month meeting later today. movement in GOLD MCX short term trend is down , GOLD MCX CLOSED @26737 . Gold Recover from bottom @26705 ,
go upside till 26995.

can you change RUPEE to USD? it's better that way ,thanks

 

[Atilla]

 

[goldhj]

 

[goldhj]

gold jinyu Oct. 10th gold price trend analysis

International gold price dropt from a high point. Price once climbed to about 1230 during Europe trading time, then dropt to about 1223 and started basing in U..S trading time. Further raising suffered a blow, in today’s Asia trading time gold corrected at about 1220.
Latest initial jobless claim is better than the expectation, the four weeks average keeps going down indicates that job market is still steady. USDX enjoyed a boost and rebounded. Currently gold daily chart price made a long upper shadow and needs further correction. MACD signal and main line is going smooth, which indicates that violent fluctuation is possible, intraday band trade would be good.

 

[goldhj]

gold jinyu Oct. 13th gold price trend analysis

International gold price last trading day rebounded slightly and stabilized at about 1220, then climbed to 1225 and started correcting itself. The continuous rebound limited gold’s correction space, in today’s Asia trading time, gold rise rapidly, breached 1230 all the way up to about 1334.
U.S. September export price index released a couple days ago appears weak, which indicates US dollar appreciation and oversea economy weakness effected U.S. economy badly. IMF, at the same time, keeps emphasize the slowing down of global economy growth and anticipates that Fed will postpone its raising of interest rate. These data fueled gold’s rebound. USDX, on the other hand, started correcting. Currently gold still enjoys the rebound momentum while 1230 is yet to be tested. Intraday trading doing long would be good.

 

[Atilla]

With low interest rates and deflation gold has nowhere else to go but down

Another sign for gold is the price of oil.

Any talk of rises is premature imo.


Talk of war is also over-rated. More like skirmishes which are having desired effect and have indeed opened the flow of oil from Iraq. I heard somewhere the Saudis now cutting back on theirs.


Let's not forget where the markets are heading either

fwiw only take shorts in gold... Like the goose laying golden eggs :cheesy: as profound as that may sound. :idea:

 

[Charles Bronson]

There will not be a bull run on Gold until it drops to around 945. Thats my opinion, I have been short for over a year now and still there. Only seeing minor rallies but nothing concrete.

 

[goldhj]

There will not be a bull run on Gold until it drops to around 945. Thats my opinion, I have been short for over a year now and still there. Only seeing minor rallies but nothing concrete.

long term is hard to predict, but short term gold is recovering, if you think gold will fall down to 945, I'd like to know your opinion.

 

[goldhj]

gold jinyu Oct. 14th gold price trend analysis

International gold suffered a violent fluctuation, price climbed to about 1236 then fell to below 1230 in yesterday’s Asia trading time, and it raised again and climbed to a bout 1235. In today’s Asia trading time, gold corrected slightly and fell to about 1233.
Fed official Evans’s speech favors the dove faction. He emphasized that Fed will postpone the raising of interest rate. His speech added by the Ebola caused Euro-U.S. stock market to fall and gold to raise. Currently gold made a medium raise, the rebound keeps effect gold. MACD data gives buying support, long positions during intraday correction would be good.:cheesy:

 

[goldhj]

Gold dropped slightly, support line is yet to be tested.

International gold price dropt from a high point, once climbed to about 1238 and pressed by oversell and went downside, yet the decline ratio is limited. In today’s Asia trading gold keeps correcting, broke 1230 and based around 1227.
Euro zone economic data continues to point toward a slowdown. the concern of Insufficient demand for crude oil lead oil price’s tumbling, USDX seized the opportunity and climbed to about 86, gold on the other hand, started correcting. Currently gold daily chart made a shade line and started correcting around 1230. MACD red bar went smoothly and made price volatilize. short positions when price touched the resistant line during intraday trading would be a good choice.

 

[fxmade2trade]

up up and away

 

[Atilla]

up up and away

Indian fever - won't last...

Short the rises imo... :whistling

 

[fxmade2trade]

oooooook what is your call?

 

[Atilla]

oooooook what is your call?

1180 made it in Sept when 1300s failed.

May get a small bounce don't hold much hope for highs as with deflation and low interest rates it has nowhere to go.

Worst scenario for me is trouble in S.China seas...