Tuesday, 9 November 2010

World gold update:

Lên cao nhất 1425 intraday due to EU concern => con bài tẩy cuối cùng cũng lộ ra, trader hết bài.


Worries about European debt have picked up again, and combined with the recently soft U.S. dollar, have provided a boost to send gold above the $1,400-an-ounce level that many analysts had listed as their year-end target not that many weeks ago.

Cho nên ... take profit


Nhìn chung bà con cho là chỉ là pullback. Tuy nhiên trong thị trường này thì expect the unexpected.

Comex gold futures extended late-session selling pressure in after-hours trading late Tuesday afternoon. December gold last traded down $12.80 at $1,390.40 an ounce. December gold hit a fresh all-time high of $1,424.30 an ounce in early trading Tuesday, but when the U.S. dollar index started to rebound from its lower price levels in later trading, gold came off its highs and profit taking set in. The U.S. dollar index extended its gains in late-afternoon trading Tuesday, and gold came under more selling pressure.

The downside price action in gold late Wednesday is not unexpected, not unhealthy and is so far just a minor corrective pullback in a still-technically strong and uptrending market

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