the end of 2011 the price of gold fell seemed to attract a large number of investors bargain hunting, but before the Indian rupee weakened due to suppress the India, the world largest gold consumer demand.
see from the daily chart, the bottom last week and charged with a long column under the lead of the negative after a series of triple positive charge. In the short k-line graph, three with positive rebound, long a strong kinetic energy, has not been many opportunities to short the callback is expected at the top there is room for development, but need to stand on the track 1618. But if effective today is expected to occur under the 1605 break down quickly, the long rebound is expected to come to an end, many finished lower yesterday, but failed to break below 1592, the overall market is currently still in Manniu in Asia and Europe is expected to drive today Before this week, the shock will keep up the pattern, but the U.S. disc is expected to fall. Operation, no special trend prior to the call back to get more low after the main, if there is a large correction, can take advantage of short-term follow-up.
1592, Inter-American dish up to late 1618, a small positive charge on line.
However, the Federal Reserve on Tuesday (January 3) released the minutes showed the Fed fear of long-term interest rates remain low, higher potential for future price of gold to create the conditions.
German auction of 4.057 billion euros on Wednesday a 2.0% coupon Treasury bonds, failed to meet the planned 50 billion euros, while yield declined slightly.
[affected] the fundamentals, the euro continued volatility lower, EUR / USD down 1.2935 to refresh on the euro / sterling hit a rapid drop January 11, 2011 the lowest level since 0.8299.
exchange volume hit a record high on Wednesday, before the arrival of the Chinese Lunar New Year, gold demand is expected to be higher.
It is difficult to have strong confidence in the euro area, but despite the recent market has been quite pessimistic, but that risk shifted in favor of the gold side.
European market, the European economies, bond yields higher. Hungarian sovereign debt insurance costs continue to rise, Hungary, five-year credit default swaps hit a record high for the second consecutive day. Demand for physical gold is to help end an important factor in the price of gold rise again, another factor is the weakening dollar.
1603 yesterday after opening the international price of gold rose slightly, up to 1608 high point laid down after the shock,
[technical analysis] to 1592 to get the minimum support, then it sharply into the see-saw back and forth, the bottom failed to break
] [Market Review