New York gold price fell $ 104

New York gold price fell $ 104, the highest since March 2008, the largest decline, the price of gold fell more than 7% in two days, taking the last two weeks of gains, the Ministry of gold precious metals analyst at Bank of Taiwan today (25) days that the technology surface gold MACD (moving average smoothing differences and similarities) into the death cross, this wave of fear would fall deeper, investors do not hurry to undertake, can first observe the 1720-1723 U.S. dollars it can make it, if not restrain, the next a support price may be $ 1,697, as long-term support is around $ in 1645.

Gold prices soared on record 23, to $ 1,911.46 an ounce, but prices fell more than than the price back to $ 150, market expectations, the U.S. Federal Reserve (Fed) held later in the week the annual meeting of the central bank may will not bring out QE3, profit-taking gold came out.

Gold analysts said the Bank of Taiwan, as the New York gold futures (CME) by the increase in the price of gold futures margin, or 27%, causing gold futures fell, while gold futures last CME to increase margin in the August 11, Gold also fell the same day fell back, and then increase the CME futures gold deposit, AM was higher than the last, up to 27%, with adjusted time-sensitive, resulting in price yesterday, the price of gold fell more than $ 100 an ounce, the highest in 31 years highest single-day drop in more than a record, technical line MACD cross into the death.




Original Website: Gold plummeted! Bank of Taiwan: Do not rush to get into the $ 1,720 short-term look at whether there is support | news headlines | NOWnews News Today http://www.nownews.com/2011/08/25/91-2737848.htm # ixzz1W5zYLC9I