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樓主 |
發表於 2010-6-4 05:21:20
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From my chart, Thursday gold closed below 4 / 20 / 9 / 25 days MA.
Can't imagine gold can close so low, at 1,206.47.
Now....gold is trading 1,207.x
Unless gold is being able to trade and close above 1,215.76 on Friday.....then can erase gold's weakness on Thursday.
Read some criticism saying the market has lost the need of safe heaven........and traders tend to settle their position before Friday US Non Farm Payroll data.
However, SPDR increased its holding to 1,289.84 tonnes, another historical record high, that mean it increased 21.301 tonnes.........
At Asian market and European Market, probably I will try to sell.
The resistance will at 1,214.
But it is better to settle all order before 8:00 p.m. on Friday.
At 8:30 p.m., US Non Farm Payroll data will be announced.
It can influence the gold to move up or down for US$20 - 50.
Yes, this data is the most important data and it is 'big rice tea'. |
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