Thursday, December 23, 2010

Yang received the gold for the year to fight to the last line

 Zoudie gold market continued to show yesterday's trend, intraday stabilized after dropping as 863.35, the European and American trading session presents the basic shocks between 865 ~ 875 market, after the market opened this morning the Asia-Pacific plate, the gold market had still not run out of range . transaction data, CMX gold positions on Monday continued to increase, the total positions has been approached 300,000, but trading is still not strong. In addition, gold stocks do yesterday CMX spit increase the previous day, while the SPDR Gold Stock continue to stock the previous day to stay refreshed on the historical high.
closing off the end of the day finally came, rolling about to bid farewell to the troubled financial markets, getting too much of 2008, relative to the head can not bear to see other commodities, gold performance introduced attention. The dollar has been basically completed technical adjustments, gold will once again lose from this imaginary space, and oil prices will not get rid of weakness, the market outlook is still difficult to get rid of the price of gold weak pattern. From a technical point of view, the daily indicators Among the strong expansion of the crisis, CR has appeared to weaken the signal, and 4 to 6 hours of MMV is in continuous evolution trend's decline suggests the edge, and 850 first-line support or have become long and short watershed. Prior to the establishment of the strategic air One can continue to hold, but need to leave the hedge has been more than a single, short-term operation is still involved in air only for proper rallies, but caution those who may also wish to leave before the holiday.
support at :864 -853-830
resistance :874-881-888
Chart 1: CMX gold positions and transaction data (unit: port = 100 ounces, red for New Year contract)
Exhibit 2: Recent CMX Gold inventory change ( Units: ounces)
Chart 3: TOCOM gold position and transaction data (unit: port = 100 ounces)
Exhibit 4: Recent Street tracks gold shares Gold inventory change (red line for the price of gold per share, NAV close 0.1 ounces, the blue line for the total tonnage of gold stocks)
purely personal point of view of the comments, please reference the caution. market risk and unpredictable, look carefully into the market, and reasonable control positions, strictly a stop to maintain a good investment mentality, do not blindly chase sell. unpredictable shock incident, so once again drawn attention to market risk.

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