HXPM Gold market reviews on Apr. 1st, 2011: Settled higher, approaching upper pressure

Daily Gold Review: http://www.hx9999.com/en/trend_659.html

Market Reviews of the Pervious Day:

During NY session on 31 Mar, the greenback climbed on signal of interest hike from the Federal Reserve. Euro retreated from the 5-month high while other commodity-linked currencies continued the bullish trends.

Gold settled in green on 31 Mar. Defensive demand lifted for the deteriorating Lybia’s situation and resumed European debt crisis. Major central banks were likely to increase rates, which raised investment cost of the commodity. Yet fundamental conditions were still favourable on inflation risk implicited by the current worldwide economic as well as political circumtances.

Key Economic Data and Events:

GMT+8 20:30 U.S. Non-farm Employment Change (Mar)

GMT+8 20:30 U.S. Unemployment Rate (Mar)

GMT+8 22:00 U.S. Construction Spending (Feb)

GMT+8 22:00 U.S. ISM Manufacturing Index (Mar)

Gold:

Gold opened at 1422.97 USD on 31 Mar, with intra-day Low at 1420.68 USD and intra-day High at 1439.36 USD, eventually closing at 1431.71 USD. Intra-day range of 17.65 USD was seen.

Gold rallied from the key supporting level on Thursday. Inverse head & shoulder appeared obviously in the daily chart.

Stress test showed the Bank of Ireland in worse status, deepened the European debt woes. Meanwhile situation in Lybia was deteriorating. Gold headed higher and closed in green in the session with the support of safe haven buying.

Gold is still on the track of long term uptrend but short term correction still remains according to the daily chart. Improvements in technical indicators were not clearly signified and MACD divergence extended.

Currently the major supports should be distributed about the previous low levels and the upside trendline of 1410-1407 USD since 28 Jan.

Trading suggestions:

Investors should keep alert in times of oscillation and continue range trade strategy. Day range should be within 1440-1420 USD.

Silver: approaching previous upper pressure

Silver opened at 37. 37 USD on 31 Mar, with intra-day Low at 37. 45 USD and intra-

day High at 37. 95 USD, eventually closing at 37. 64 USD. Intra-day range

of 0. 50 USD was seen.

Silver extended correction pattern on Wednesday, rebounded slightly in short-term within smaller range.

The moving average parallels the daily chart, yet technical indicators diversed with the upside trend. MACD Divergence was obviously seen.

Correction was expected to continue. The current moving range should be within 36.40-38.14 USD.

Next support should be distributed at about the upside trendline of 35.80 USD since 28 Jan.

Trading suggestions:

Trading range remains to be within 36.40-38.14 USD. Investors should continued sideway trading strategy.

HXPM Gold market reviews on Mar. 31st, 2011: Ended loss after support tested

Daily Gold Review: http://www.hx9999.com/en/trend_657.html

Market Reviews of the Pervious Day:

During NY session on 30 Mar, euro elevated sideway as the European Central Bankboard member Lorenzo Bini Smaghisuggested a series of rate hikes. The sterling also rebounded within the wide range. It was expected that the ECB would increase interest rate by 25 bps on the meeting next Thursday (7 Apr).

Gold rallied in the session on 30 Mar. Crediting ratings of Portugal and Greece were further downgraded. And situation of Lybia deteriorated. Defensive buying supported the 30-day gold futures to end the loss streak. The decending greenback also had positive influence on the commodity.

Key Economic Data and Events:

GMT+8 15:55 Germany Unemployment Rate (Mar)

GMT+8 17:00 Euro Zone Consumer Price Index (Mar)

GMT+8 20:30 U.S. Weekly Initial Jobless Claims (26 Mar)

GMT+8 20:30 Canada GDP (Jan) Previous: 0.5%/month, 3.2%/year

GMT+8 21:45 U.S. Chicago Purchasing Manager's Index (Mar)

GMT+8 22:00 U.S. Industrial Orders (Feb)

Gold:

Gold opened at1418.63USD on 30 Mar, with intra-day Low at1412.42USD and intra-day High at 1430.07USD, eventually closing at 1422.80USD. Intra-day range of 17.65USD was seen.

Gold retested the lower support on Wednesday and closed slightly higher, quiting the 4-session losing streak.

Lowered price lured certain buying. Technical support as well as buying on dip supported gold to rally.

Gold is still on the track of long term uptrend but short term correction still remains according to the daily chart. Previous dispersive correction was unstablehence there was no major direction in the market.

Currently the major supports should be distributed about the previous low levels and the upside trendline of 1410-1407 USD since 28 Jan.

Trading suggestions:

Investors should keep to be alert in times of oscillation, holding long or buying moderately at appropriate supporting level.

HXPM Gold market reviews on Mar. 30th, 2011: Still remainedin trading range but upside momentum was limited

Daily Gold Review: http://www.hx9999.com/en/trend_655.html

Market Reviews of the Pervious Day:

During NY session on 29 Mar, the dollar index retest the level of 76. While euro and the sterling lingered at around 1.41 and 1.60 respectively. All the three major currencies could not make a breakthrough as otimistic comments from financial officials led to instabilities in currency markets

Gold settled slightly lower on 29 Mar, extending losses for four consecutive sessions on expectation of the U.S. Federal rate hike. The fundamental favourable conditions persisted, i.e. resumed European debt problem, Middle East’s uprising, Japan’s nuclear crisis, soaring oil price impliciting inflation, etc. Yet without new stimulation gold was struggling between supporting foundamental factors and pressure from profit taking activities.

Key Economic Data and Events:

GMT+8 17:00 Euro Zone Industrial Climate Index (Mar)

GMT+8 17:30 Switzerland KOF Leading Indicator (Mar)

GMT+8 20:30 Canada Industrial Product Price Index (Feb)

Gold:

Gold opened at1420.92USD on 29 Mar, with intra-day Low at 1411.33USD and intra-day High at 1423.22USD, eventually closing at 1418.61USD. Intra-day range of 11.89USD was seen.

Gold headed slightly lower on Tuesday to test the lower support. Upside momentum was limited.

Hedging demand stimulated by Lybian uprising was offset by expectation of tightened monetary policy aroused by aggressive comments from the European financial officials

Potential signals of head and shoulder were seen in daily chart. The right shoulder should be distributed at about 1410-1407 USD.

Gold is still on the track of long term uptrend but short term correction still remains according to the daily chart.

Trading suggestions:

Investors should keep to be alert in times of oscillation. Moderate longing is suggested at the potential right shoulder 1410-1407 USD, which is also distributed on the upside trendline since 28 Jan.

HXPM Gold market reviews on Mar. 29th, 2011: Potential signal of head and shoulder

Daily Gold Review: http://www.hx9999.com/en/trend_653.html

Market Reviews of the Pervious Day:

During NY session on 28 Mar, Trichet’s comments helped euro to recover. Yen fell against the greeenback and the euro for interest rate hike expectation. Investors eyed on. key economic data �of the U.S in this week. Meanwhile differential rate views on currencies were influencing the market.

Gold settled lower on 28 Mar, under pressure of the impressive U.S. economic data, profit taking activities, as well as the contracting international markets. Gold had fallen for 3 consecutive trading days, closing at the lowest since last week.

Key Economic Data and Events:

GMT+8 14:00 Switzerland UBS Consumption Indicator (Jan)

GMT+8 16:30 U.K. GDP (4th Q)

GMT+8 22:00 U.S. Conference Board Consumer Confidence Index (Mar)

Gold:

Gold opened at 1429.75 USD on 28 Mar, with intra-day Low at 1410.55 USD and intra-day High at 1429.75 USD, eventually closing at 1421.28 USD. Intra-day range of 19.20 USD was seen.

The U.S. Commerce Department reported a 0.7% monthly growth in individual consumption expenditure in February. The index had been expanding for 8 successive months and this was the largest increment since October last year. The reinforcing consumers’ confidence towards economic recovery weakened the attractiveness of gold as a preservation instrument

Gold headed downward on Monday, rebounded after triggering the lowest since 3 Mar. Potietial signal of head and shoulder was seen, and the right shoulder should be at the level around 1410-1407 USD.

Gold is still on the track of long term uptrend but short term correction still remains according to the daily chart.

Trading suggestions:�

Investors should keep to be alert in times of oscillation. Moderate longing is suggested at around the potential right shoulder 1410-1407 USD, which is also distributed on the upside trendline since 28 Jan.

HXPM Gold market reviews on Mar. 28th, 2011: Adjustment on high position, sideway movement is continued.

Daily Gold Review:  http://www.hx9999.com/en/trend_650.html

Market reviews of previous day:

During NY session on 25 Mar, the announcement of GDP is better than expectation by America. Philadelphia Federal Reserve Chairman Charles Plosser said that when the time comes, the Fed must take effective measures to tighten monetary policy. Charles Plosser's speech is heating up the Fed to tighten monetary policy, non-US currencies were suppressed.

Gold ends lower on 25 Mar. The main reason is the affection of USD was increased but there is still some of investors to buy in as they still worried about the oil supply and the nuclear crisis of Japan.

Key Economic Data and Events:

GMT+20:30 America Individual income (Feb)

GMT+22:00 America Pending Home Sales (Feb)

Gold:

Gold opened at1430.89USD on 25 Mar, with intra-day Low at 1422.22USD and intra-day High at 1437.90USD, eventually closing at1429.94USD. Intra-day range of 15.68USD was seen.

The price of Gold was adjusted at it’s high on last Friday. Sideway movement within narrow range. The trend of Gold is held up by its technical rhythm and the strong USD. Investors in the oil supply prospects and worries about Japan's nuclear crisis support the price of Gold.

The day chart is still under adjustment when the price was kept moving upwards. When there is no any further signal for the completion of adjustment, it is seen as to adjust the rhythm of the waves B. The overall structure is not finished to adjust.

Gold has the wide range of 1444-1383 USD on MA system. There will be narrow range of 1420-1448 USD partially.If the price is fall below 1420USD, the fluctuation will continue to move downwards.

Oscillatory rhythm of short-term hours.

Trading Suggestions:

Oscillation pattern. Investors should keep cautious on trading, position should reduced appropriately. The price is currently seen as a part of structural adjustment. Strategy might be kept during trading.

HXPM Gold Weekly Gold Review 110328: Gold price has recorded high but will go in a repeated period in short term

Weekly Gold Review: http://www.hx9999.com/en/comment_week_652.html

There was a historical high record for Gold on last Thursday which Gold was supported by several favorable factors. The highest international spot gold rose to 1,447.80 USD. These several positive factors are the situation in Libya has a further action particularly the United Nations set up the no-fly zone in Libya.It was almost approved the British, the United States and other Europe and America countries intervened directly to the military. The market worried that the military conflict will become from regional to international. So Gold was a hedge funds again. On the other hand, Portugal‘s credit rating has been downgraded by the international credit rating agencies and S&P on Thursday and Friday.The market will be worried that Portugal will be the next concern to the European Union and the International Monetary Fund for assistance in the EU Member States. This news not only affected the falling of Euro exchange rate, but also made the investors have concerned about the Euro and other European countries sovereign rating and repaying ability. Some of the funds are absorbed into the gold market as hedging funds. The third factor that drove up the price of gold drive up was the silver price rising. Silver increased rapidly from 36.80USD to 38.15USD on Thursday with intra-day range nearly 3.7%, the silver also led to the rise in gold prices.

Gold was recorded high of 1447.80USD on Thursday and Silver after tried to 38.15USD , both the price fell back last Friday. The price of gold fell to 1,422 USD �closed at 1,429.30USD While the silver have dropped to 36.85 USD and closed at 37.30USD. From the past trend, the price of gold will fall in subsequent trading day after the trial record and will have volatility on the relative low price.This situation is good for the investors on trading of high position. On the other hand, the price of gold needed to have a solid foundationd after the trail record. This will enhance the next increasing.

Japan's earthquake has turned into a crisis of nuclear radiation leak. Radiation leaks and the number of cases are constantly being discovered. However, there has no direct impact on the international financial market . Investors continued to monitor the flow of Yen by the earthquakes and major accidents of nuclear radiation because the current interpretation of Japan's insurance companies are expected to get the overseas funds back to Japan. The yen is expected to continue moving upwards. Last week, the change of Yen is not too big under this factor. The dollar exchange rate against the yen is keeping fluctuation at 81 . It is estimated that the U.S. dollar with the inclusion of other elements of national currencies, the dollar will not affect the price of gold and silver too much.

Gold is still have the opportunity to challenge a new high from the chart but this will not bring a high growth. The first target price wil be at 1,450 USD and the second is at 1,460 USD. The reason is that the demonstrations in the Middle East and parts of Africa are not appeased . The political situation may changed at any time. This is more favorable to stabilize and increase the price of gold. Thus, the range of adjustment is not too much although the price of gold will adjust on its high. 1400USD is a big support and short term will support at 1420USD. The fluctuation of this week is expected at 1420-1460USD.The price of silver also has upward movement under the strong demands and the supporting of investors.There may have a big increase target in 40USD. The support range for dowside is bigger especially there is a gap before the rise in the level of 35.50 USD. It is reasonable to fill this gap technically. So, it is expected that the volatility can be extended to 35.50 -39.50 USD.

HXPM Gold market reviews on Mar. 25th, 2011: Adjustment is continued after reached the new high then fell back

Daily Gold Review: http://www.hx9999.com/en/trend_648.html

Market reviews of previous day:
During NY session on 24 Mar, the expectation of increasing rate is over the impact of Portuguese crisis. The Euro rebounded sharply but there was a concern about it may be collapsed. The market is foucus on when will the ECB increase the interest rate and the result of EU meeting.
Gold ends lower after its upward movement. As some investors closed positions to gain profit on its hight that made the price first decline during these 7 trading days.
Key Economic Data and Events:
GMT+8 14:30 France Fourth GDP
GMT+8 15:00 Germany GFK Consumer Confidence Index (Apr)
GMT+8 17:00 Germany Business sentiment rateI (Mar)
GMT+20:30 America Fourth GDP
GMT+21:55 America Index Of Consumer Sentiment (Mar)
Gold:
Gold opened at1437.63USD on 24 Mar, with intra-day Low at 1424.57USD and intra-day High at 1447.48USD, eventually closing at1430.63USD. Intra-day range of 22.91USD was seen.
After opened on Wednesday, the price was kept moveing upwards. When there is no any further signal for the completion of adjustment, it is senn as to adjust the rhythm of the waves B. The overall structure is not finished to adjust.
Gold has the wide range of 1444-1383 USD on MA system. There will be narrow range of 1420-1448 USD partially.
Trading Suggestions:
Oscillation pattern. Investors should keep cautious on trading, position should reduced appropriately. The price is currently seen as upward rebound during the downward process. Strategy might be kept during trading.

HXPM Gold market reviews on Mar. 24th, 2011: Rebounding continued and the trend is weaker than Silver

Daily Gold Review: http://www.hx9999.com/en/trend_646.html

Market reviews of previous day:

During NY session on 23 Mar, the Euro is falling down and Portuguese parliament rejected the motion to warn the investors that the euro financial issues still have not completed. The Market believed that the Euro bearing pressure because the project was rejected under the Portuguese political situation.

Gold ends higher slightly on 23 Mar and pushed by the demands of hedging funds.The debt of Euro increased the market’s anxious mood. Investors has not feeling good at the price of oil which has been increased to 106USD, the war of Liyba and the nuclear crisis of Japan. Gold is seen as hedging assets under these conditions.

Key Economic Data and Events:

GMT+8 15:00 Germany Fourth GDP

GMT+8 16:30 Germany Manufacturing PMI (Mar)

GMT+8 17:00 Euro Zone Manufacturing PMI (Mar)

GMT+8 17:30 England Retail sales (Feb)

GMT+20:30 America Durable Good Orders (Feb)

GMT+20:30 America Jobless claim (19 Mar)

Gold:

Gold opened at1427.92USD on 23 Mar, with intra-day Low at 1425.96USD and intra-day High at 1441.17USD, eventually closing at1437.73USD. Intra-day range of 15.21USD was seen.
The world's largest gold ETF - SPDR positions continued to decline this week, showing that some investors are approaching high record and have profit . This will limit the upward movement in short-term. However, under the spreading of risk aversion, even if the price of gold will adjust in short-term , the amplitude will be limited. On the other hand, the ECB is widely expected to raise the interest rates in April, the euro continued consilidation of upward movement. USD index is weak that� support for the gold.

Gold on Wednesday continued to run high within the wide range but the day chart still under adjustmen and the structure is not completed.

The Gold has upward movement but day chart is still under adjustment which the structure is not going well. Gold was expected to consolidate temporarily on the range of 1444-1383 USD as the adjustment of downside movement stage.

Gold has the wide range of 1444-1383 USD on MA system.

Trading suggestions:

Oscillation pattern. Investors remain cautious on, position the appropriate reduced. The current process is still seen as falling upward rebound. Transactions to maintain a large range of ideas.

HXPM Gold market reviews on Mar. 23rd, 2011: Gold consolidate within wide range with sideway movement

Daily Gold Review: http://www.hx9999.com/en/trend_644.html

Market reviews of previous day:

During NY session on 22 Mar, rate of GBP to USD has the highest level since Jan 2010 which is under the boosted by interest rate expectations. The Euro also break through 1.42USD. The Yen is keeping around 81 YEN. The rate of Euro to GBP has been boosted because of the rasing interest rate. Comparing to the USD which is nearly zero, there will be more attraction to invest in those two currencies. The index of USD has been approached to the lowest in these 15 months.

Gold ends higher slightly on 22 Mar. Buying gold as preservation is increasing and pushing the oil prices up continously under the situation of Libya has become deteriorated. That accelerates the inflation globally and benifits the Gold market. At the same time, The European Central Bank is concerned about inflation, so the market may tightening European monetary policy recently, which caused the gold market to have downward pressure and led the price ended slightly higher.

Key Economic Data and Events:

GMT+8 17:30 Bank of England meeting minutes

GMT+8 18:00 Euro Zone factory orders (Jan)

GMT+8 22:00 America sales of new housing (Feb)

GMT+8 23: 00 Euro Zone Consumer Price Index (Mar)

Gold:

Gold opened at1427.44USD on 22 Mar, with intra-day Low at 1420.20USD and intra-day High at 1432.30USD, eventually closing at1428.07USD. Intra-day range of 12.10USD was seen.

Gold could not move upwards on Tuesdsy. consolidated within narrow range in recent days. Japan's nuclear crisis and the war in Libya had boosted the trend of gold and silver. Because gold and silver are seen as a hedging assets when there is a political and economic turmoil. Gold and silver are also hedge against inflation, so the Libyan conflict induced the rising of oil prices and also contributed to gold and silver prices higher.

The Gold has upward movement but day chart is still under adjustment which the structure is not going well. Gold was expected to consolidate temporarily on the range of 1444-1383 USD as the adjustment of downside movement stage.

Gold has the wide range of 1444-1383 USD on MA system. There will be narrow range of 1434-1420 USD partially.

Trading Suggestions:

Oscillation pattern. Investors should keep cautious on trading, position should reduced appropriately. The price is currently seen as upward rebound during the downward process. Strategy might be kept during trading.

HXPM Gold market reviews on Mar. 22nd, 2011: Sideway trading as funds are back to gold market

Daily Gold Review: http://www.hx9999.com/en/trend_642.html

Market reviews of yesterday:

During NY session on 21 Mar, as rish firming again, USD has dropped to the lowest within these 15 months. The Euro rose to the highest level in these 5 months. It is expected ECB will adjust the rate before Fed. USD continues bearing pressure. The Euro rose rapidly under the interest rate was adjusted while US Federal Reserve tends to keep ultra loose monetary policy. It will boost inflation with soaring fuel prices. All these factors made USD not to be a hedging currency as much as before.

The gold closed at a relatively higher price on 21 Mar. The market hedging is likely going upwards by the western countries taking military action against Libya and the stimulation of Japan nuclear crsis thus support the price of gold continued moving upwards on 21 Mar. The siuation in Liyba is getting worst because of the USA and other western countries have an air combat to this region. Moreover, the nuclear crsis of Japan has not been sloved that made alot of investors to buy gold in order to hedge. In addition, gold prices also benifited for lower USD rate and the oil prices rised.

Key Economic Data and Event:

GMT+8 15:15 Switzerland trade balance (Feb)

GMT+17:30 Endland CPI (Feb)

GMT+17:30 England Retail Prices Index (Feb)

GMT+20:30 Canada retail sales (Jan)

GMT+20:30 Canada Core retail sales value of 0.6% / month (Jan)

GMT+20:30 Canada leading indicators (Feb)

Gold:

The gold opened at 1419.56 USD on 21 Mar, with intra-day Low at 1419.56 USD and intra-day High at 1434.71 USD, eventually closing at 1427.44 USD. Intra-day range of 15.15 USD was recorded.

Gold continues rebounding upward movement on Monday. It is good for long-term pacing up but Yen is still under adjustment and the structure of adjustment is not going well. Gold was expected to consolidate temporarily on the range of 1444-1383 USD as the adjustment of downside movement stage.

Trading suggestions:

Oscillation pattern. Investors should keep cautious on trading, position should reduced appropriately. The price is currently seen as upward rebound during the downward process.

HXPM Gold market reviews on Mar. 21st, 2011: Gold is still staying rebound during the finishing process

Daily Gold Review: http://www.hx9999.com/en/trend_639.html

Market Reviews of the Pervious Day:

During the NY session on 18 March, the President of European Central Bank�Jean-Claude Trichet is keeping high alert to the inflation and insist that is the point of view.The euro continues leading the non-US to higher position. The Fed bought dollars in the foreign exchange market and sell out the yen that made the rate of yen to US dollars still keeping down trend. The closing rate is keeping at 80.60 nearby.

Gold closed higher on March 18 which provides gold hedging demand of investors.As the Japan's nuclear crisis and the intervention of Group of Seven�on the yen's exchange rate are overshadowed the impact of the ceasefire in Libya.

Key Economic Data and Events:

Japan's public holiday;

GMT+8 16:00 France purchasing manager index services (Mar).

GMT+8 22:00 America existing home sales (Feb).

Gold:

Gold opened at1404.31USD on 18 Mar, with intra-day Low at 1402.37USD and intra-day High at 1423.95USD, eventually closing at1418.72USD. Intra-day range of 21.58USD was seen.

Gold rebounded on Friday continued up the rhythm, the system temporarily stops the previous day moving average figure, but still belongs to adjust the daily pattern, and adjust the structure and did not become clear. Trend was chaos. Gold headed upwards from the bottom of the moving ranges on Friday, temporarily staying on the MA system. But adjustment is needed on the day line.The adjustment for the structure did not go well. The trend is still in a muddle.

The price of gold is strongly repeated keeping at a high level because of the fake downward adjustment and the sudden events in the market.
Only on the technical adjustment and after news are stable will make the trend of gold price more orderly and stable.

We connect its low of 22nd October,2010 and 28th January 2011, and then its peaks on 7th December,2010 as one channel,the price of gold on last Friday had a downward movement after touched this channel. Before having upward movement to 1424 USD, the gold price is still rebounded during the downward movement.

Currenly the upper resistances should be 1424 and 1433 USD, while lower supports should be 1404 and 1383 USD. Gold might return to the wide range of 1440-1308 USD.

Trading suggestions:

Oscillation pattern. Investors should keep cautious on trading, position should reduced appropriately. The price is currently seen as upward rebound during the downward process.

HXPM Gold Weekly Gold Review 110321: The performance of gold increased variables because of the fluctuation of yen price

Weekly Gold Review: http://www.hx9999.com/en/comment_week_641.html

Last week the world's focus was the crisis of Japan nuclear accident after the earthquake. Although the damages after magnitude 9 quake are big,the impact is relatively short. If the Fukushima nuclear power accident goes worst and the radiation leaks out, there will be a serious and long impact not only to Japan but also to the countries surrounded and gobally.�As Japanese Prime Minister said that if radiation leaks out that will destroy the whole East of Japan which means not only the neclear power station will exploded but also the wole East of Japan will bomb out. Moreover, the food and water source will be poulluted if the radiation is occoured. All the residents and organization of East of Japan need to evacuate. immediately, this Region have to wait several decades before it activated again.

Financial markets's response to the nuclear crisis and the earthquake of Japan can be seen on the Japanese major stock markets and rate of Japanese yen Japanese stock market fell sharply after the earthquake, the Japanese yen fell first and then moved upwards. the market's view for foreign investors in Japan are expected to get the funds back to the country. The yen has been sought after, the rate of USD to Yen fell down to 76.06 and was a low record. But after the Japanese central bank and the Group of Seven sold yen to stop the yen's rally, the USD against the yen rebounded from the low of 76.06 to 82.

Gold price is moving to its high then to its low under the rate of Yen is fluctuated and under this kinf of market. Last Monday the gold market was responsed good as the rate of Yen. The funds moved to the gold market as the USD had weakened compared to Yen. Last Monday, the highest price of gold on the trial1,430.40 USD, but restricted by the resistance at 1430USD then moved downwards repeatedly . There was an significant downward movement�on Tuesday, the price of gold from the highest of 1,426 USD to dropped to the lowest of1,380.70USD. The moving range was almost 46 USD. Gold was only moved within this range in the follwing trading day.The price for Wednesday and Thursday was repeatedly at low .For Friday, there was a slightly upward movement. but the movement range is still between 1,404 and 1,426 USD, closing at 1,418.20USD.

The trend of Silver is similar to Gold which fell on Tuesday while the price of silver fell from the 33.65 to 35.55USD, nearly 1.9USD adjustment. The moving range is over 5% compared to Gold which only had 3 % at the same day. Silver have particularly popular in the beginning of this year, but after the earthquake in Japan there have a negative impact on the international economy and that's why the demand for silver is reduced.

People's Bank of China enhance the bank's RMB deposit reserve ratio last week, the aim is to tighten up monetary policy, This will reduce domestic investment demand from China. Recently the demand for gold and silver investment is mainly demand of investment. When the prices remain high then this part of demand is decreasing.

From a technical trend, the price of gold and silver has resistance at its high then moved downwards Last week's rebound does not end the its low. But the political situation in the Middle East and the earthquake of Japan produced uncertainty, "uncertainty" makes gold market as hedge funds, these funds were temporarily support the gold and silver.

The changes in gold prices still depends on it's neclear crisis stabilization and resolved then followed by the trend of yen. Investors should be consolidated U.S. dollar against other currencies to see the dollar exchange rate. These positive factors are more likely to make good price of gold and silver. but the trend in technology, the gold and silver prices are still restricted�at 1430 and 36 USD. The moving ranges of Gold is similar to last week, between 1380 and 1439 USD.The moving ranges of Silver is between 34 and 36 USD.

HXPM Gold market reviews on Mar. 18th, 2011: Rebounded within ranges with sideway movements

Daily Gold Review: http://www.hx9999.com/en/trend_637.html

Market Reviews of the Pervious Day:

During NY session on 17 Mar,Yen fell back from thte all-time high. Japan official intervention might occur therefore demand for the currency relieved.

Gold ended higher with sideway movements on 17 Mar, along with the stock market. Investors eyed on Japan nuclear crisis as well as Middle East's uprising. There was still some selling for liquidation yet market was less negative. Discount in price since tumbled on 15 Mar was attractive enough to support the commodity to rebound.

Key Economic Data and Events:

GMT+815:00 Germany Producer Price Index (Feb)

GMT+8 16:15 Switzerland Producer and Import Price Index (Feb)

GMT+8 18:00 Euro Zone Balance of Payments (Jan)

GMT+8 20: 00 Canada Consumer Price Index (Feb)

Gold:

Gold opened at1399.13USD on 16Mar, with intra-day Low at 1386.80USD and intra-day High at 1405. 10USD, eventually closing at1404.14USD. Intra-day range of 18.30USD was seen.

Gold headed upwards from the bottom of the moving ranges on Thursday, extending sideway movements. Price tested the upper resistance of MA again in the Asian session, quoting 1408 USD.

Without closing beyond MA system sideway movements should continue.

The upside pattern since January breached and price was likely to experience correction with larger scale.

Currenly the upper resistances should be 1404 and 1411 USD, while lower supports should be 1383 USD. Gold might return to the wide range of 1440-1308 USD.

Trading suggestions:

Without closing beyond MA system sideway movements should continue. Investors should contnue range trade strategy. Moving ranges would shift upwards if gold ends beyond MA system.

HXPM Gold market reviews on Mar. 17th, 2011:Downside sideway movements within ranges

Daily Gold Review: http://www.hx9999.com/en/trend_635.html

Gold rallied on Wednesday but resistance existed at the upper of ranges. Price should continue to adjust with downside sideway movements.

Market Reviews of the Pervious Day:

During NY session on 16 Mar, the greenback sank to the all-time low of 79.33 against Yen under the nuclear crisis in Japan. Eur also suffered on hedging motives. Speculators were betting on the possibility of Japan’s repatriation flows for countering the deepened crisis.

Gold settled lower with sideway movements on 16 Mar. The market started to pick up after the selling-off in the previous day. Yet price tested lower support again upon rebounded.

It was expected that the Japan central bank would sell its reserve for reconstruction funds while both investment and real demands for gold in Japan tended to shrink. The greenback rising in the session also increased cost of the gold future contracts in dollar-term. The negative factors were introducing pressure on the commodity.

Key Economic Data and Events:

GMT+8 16:15 Switzerland Industrial Orders (4^th Q)

GMT+8 16:30 Switzerland Decision on Central Bank Rate

GMT+8 17:00 Euro Zone Construction Spending (Jan)

GMT+8 20:30 Canada Wholesale Sales (Jan)

GMT+8 20:30 U.S. Consumer Price Index (Feb)

GMT+8 20:30 U.S. Weekly Initial Jobless Claims (12 Mar)

GMT+8 20:30 U.S. Industrial Production (Feb)

GMT+8 20:30 U.S. Conference Broad Leading Economic Indicator (Feb)

Gold:

Gold opened at 1395.65 USD on 16 Mar, with intra-day Low at 1383.38 USD and intra-day High at 1405.95 USD, eventually closing at 1391.35 USD. Intra-day range of 22.57 USD was seen.

Ranges narrowed on Wednesday. Price rebounded from sell-off and tested the upper pressure of 1404 USD, but turned lower at closing.

The upside pattern since January breached and price was likely to experience a larger scale correction.

A short bearish candlestich was seen in the previous session.

Currenly the upper resistances should be 1404 USD, while lower supports should be 1383 USD. Gold might return to the wide range of 1440-1308 USD.

Trading suggestions:

Moving range is expected to shift to 1404-1383 USD. Investors should follow sideway strategy to short at high.

Silver: moved lower after important resistance tested

Silver opened at 34.25 USD on 16 Mar, with intra-day Low at 33.60 USD and intra-

day High at 35. 03 USD, eventually closing at 33.89 USD. Intra-day range of 2.36 USD was seen.

Silver driven by some value buying rebounded on Wednesday. Yet price fell back under the pressure of the level of 35 USD, moving within the range of 35-33.60 USD.

The upside pattern since January breached and deeper adjustment was expected.

Currenly the upper resistances should be 35 USD, while lower supports should be 35 and 33.60 USD.

Trading suggestions:

Corrections are expected to progress that investors should short at high. Price would test 31.76 USD if the range of 35-33.60 USD breaks.

HXPM Gold market reviews on Mar. 16th, 2011: Large-scale correction threatened

Daily Gold Review: http://www.hx9999.com/en/trend_633.html

Market Reviews of the Pervious Day:

During NY session on 15 Mar,euro continued to soar. Increasing worries over Japan brought more defensive buying to Yen and Franc, the traditional hudging currencies. Others highly related to global economic growth plummeted, on report of another explorsion occurred in Japan’s Fukujima nuclear plant.

Gold suffered and settled below 1400 USD on 15 Mar, which was the largest percentage loss in these 10 weeks. Japan nuclear crisis aroused fears over global capital markets. Confidence to economic outlook evaporated on potential nuclear catastrophe led to panic sell-off in markets including stock and oil, forcing some investors to liquidate their gold investment to raise cash.

Key Economic Data and Events:

GMT+816:45 Euro Zone Consume Price Index (Feb)

GMT+8 17:30 U.K. Unemployment Rate (Feb)

GMT+8 18:00 Switzerland ZEW Current Situation Index (Mar)

GMT+8 20:30 Canada Manufacturing Ner Orders (Jan)

GMT+8 20:30 U.S. Housing Start (Feb)

GMT+8 20:30 U.S. Housing Permits (Feb)

Gold:

Gold opened at1426.99USD on 15Mar, with intra-day Low at 1383.38USD and intra-day High at 1429.15USD, eventually closing at1395.67USD. Intra-day range of 45.77USD was seen.

Gold tumbled on Tuesday. The upside pattern since January breached and price was likely to experience a larger scale correction.

A long bearish candlestich was seen in the previous session.

Currenly the upper resistances should be 1404 USD, while lower supports should be 1383 USD. Gold might return to the wide range of 1440-1308 USD.

Trading suggestions:

Moving range is expected to shift to 1404-1383 USD. Investors should follow sideway strategy to short at high.

HXPM Gold market reviews on Mar. 15th, 2011: Adjustment at high, forming upside continuation

Daily Gold Review:  http://www.hx9999.com/en/trend_631.html

Gold settled higher on Monday. Defensive demand supported the commodity to continue rallying at high, composing short-term upside pattern. Yet occillation reduced the dependability of continuation.

Market Reviews of the Pervious Day:

During NY session on 14 Mar, Euro rose as the deal of bond buying programme of the Euro Zone boosted investor confidence. The deal being acknowledged by a credit rating agency further pushed the currency to trigger 1.4000 USD.

Gold settled higher on 14 Mar. Hedging funds were attracted on Japan radiation leak, Arabia’s uprising, as well as deteriorating conditions of the Middle East. Global uncertainties continued to boost buying in the market.

Key Economic Data and Events:

GMT+8 14:30 France Consumer Price Index (Feb)

GMT+8 18:00 Germany ZEW Economic Climate Index (Mar)

GMT+8 18:00 Euro Zone ZEW Economic Climate Index (Mar)

GMT+8 21:00 U.S. Net Long-Term Capital Inflow (Jan)

Gold:

Gold opened at 1426.99 USD on 14 Mar, with intra-day Low at 1418.65 USD and intra-day High at 1432.41 USD, eventually closing at 1426.99 USD. Intra-day range of 13.76 USD was seen.

Gold settled higher on Monday. The tradedy in Japan raised uncertainties in global economic recovery. Defensive demand continued to increase as a result.

The technical trend remained positive and firm. The mid-term upside trend would continue if gold stayed above 1395-1392 USD. The adjustment tendency was solid at the moment.

Investors should notice formation of the triangle continuation in 1-hour chart.

Currenly the upper resistances should be 1436 and 1444 USD, while lower supports should be 1416 USD.

Trading suggestions:

Occillation reduces the dependability of continuation. Moderate buying is suggested at the lower of triangle continuation 1424 USD.

Silver: sideway movements under adjustment

Silver opened at 35. 93USD on 14 Mar, with intra-day Low at 35.54 USD and intra-

day High at 36. 47 USD, eventually closing at 35. 95 USD. Intra-day range

of 0.93 USD was seen.

Silver opened slightly higher and retreated on Monday, closing with a doji.

The technical trend remained positive upon the 34 USD level. Momentums was constrainted by two times the distance of wide range contructed since 02. At the moment price tended to sway sideway.

Currenly the upper resistances should be 36.40-36.70 USD, while lower supports should be 35 and 34 USD.

Trading suggestions:

Occillations tend to continue in times of adjustment thst investors should take sideway strategy. Morderate longing is suggested if price returns to the level of 35 USD.

HXPM Gold market reviews on Mar. 14th, 2011: Adjustment continued to test support

Daily Gold Review:  http://www.hx9999.com/en/trend_628.html

Gold overcame a weak start and settled higher last Friday. After the strong earthquake in Japan, investors turned to the gold market for fund preservation. Short-term adjustments should continue while the mid-term upside trend unchanged.

Market Reviews of the Pervious Day:

During NY session on 11 Mar, Yen jumped on expectation of repatriation flows for reconstruction after the disaster. Upon the report of the news of earthquake, Yen fell to its 2-week low but then rebounded sharply. Eur rised as members of the Euro Zone reached the agreement of competitive capacity.

Gold had a weak start and settled higher on 11 Mar, closed slightly higher. After the strong earthquake in Japan, investors turned to the gold market for fund preservation. In addition to the continued Middle East uprising and resumed European debt problem, gold reversed to its upside trend on Friday.

Key Economic Data and Events:

GMT+8 12:30 Japan Industrial Production (Jan)

GMT+8 13:00 Japan Consumer Confidence Index (Feb)

GMT+8 18:00 Euro Zone Industrial Production (Jan)

Gold:

Gold opened at 1411.88 USD on 11 Mar, with intra-day Low at 1405.05 USD and intra-day High at 1424.16 USD, eventually closing at 1417.76 USD. Intra-day range of 19.11 USD was seen.

Gold overcame a weak start and settled higher last Friday, rebounded after testing the lower support. Price was under pressure from 1424 USD.

The construction of adjustment pattern was not completed. Sideway movements were solid under the current stage of consolidation.

The technical trend remained positive and firm. The mid-term upside trend would continue if gold stayed above 1395-1392 USD.

Currenly the upper resistances should be 1424, 1436 and 1444 USD, while lower supports should be 1404 and 1392 USD.

Trading suggestions:

Investors could continue longing before gold breached the level of 1395-1392 USD

Silver: edged higher after weak open, massive buying beyond inflection point

Silver opened at 35.28 USD on 11 Mar, with intra-day Low at 34.08 USD and intra-

day High at 36.16 USD, eventually closing at 35.92 USD. Intra-day range

of 2.08 USD was seen.

Silver broke the lower of flag 35 USD on Friday but rebounded sharply at 34 USD the inflection piont.

The technical trend remained positive upon the 34 USD level. Momentums was constrainted by two times the distance of wide range contructed since 02. At the moment price tended to sway sideway.

Currenly the upper resistances should be 36.20-36.70 USD, while lower supports should be 35 and 34 USD.

Trading suggestions:

Investors could continue moderate longing before silver breached the level of 34 USD.

HXPM Gold Weekly Gold Review 110314: Earthquake in Japan brought downside pressure to precious metals

Weekly Gold Review: http://www.hx9999.com/en/comment_week_630.html

Gold moved most fiercely on Monday last week with day high of 1,444.60 USD. Trend weakened as the commodity failed to break through 1,450 USD. Price had been pressed by profit-taking and short-selling activities within the week. Before the Japan’s disaster on Thursday gold once fell below 1,403 USD. Last Friday being hit by a magnitude 9 quake, besides loss in lives and properties, Japan economic recovery also suffered. Yen slipped upon the disaster to 83.30. Gold also fell on the stronger greenback with day low of 1,404.70 USD on Friday, closing at 1,418 USD.

Technically both precious metals were undergoing the declining trend before the earthquake. Adjustments in silver was solid. Price had been stepping downwards since it reached the weekly high of 36.75 USD on Monday, and fell to 34.65 USD after the Japan’s disaster on Thursday. Gold tracked better than silver with rebound during Friday. While silver settled further lower with day low of 34 USD last Friday, the weekly range was extented to 7.5 %.

Yen initially dropped under the threats of aftershocks and radiation leak. But market outlook was mixed as Japanese insurers were expected to raise cash through selling their foreign assets. The long-term economic effects from the quake and damage of nuclear plant were still uncertain. While the dollar index reversed after testing the 76.124 low last Monday and the trend was likely to continue this week. Oil retreated as the situation of Lybia came to a standstill, falling over 7 USD to below 100 USD. The weakened oil price tended to negatively affect gold in the coming week.

Gold dropped in the two latest trading days last week to form a short-term downside trend technically. Lacking of momentums the next significant support would be found only at 1,360 USD if the commodity breaches the 1,400 USD level. Whereas decline in silver was considered to be effects of profit-taking and price adjustment as demand continued to extend. Price has risen from 28 USD to 36.75 USD since February, with a range exceeded 31 %, an overbuying indication. Trend tended to go downward until significant support is reached. The next supporting level should be 30 USD.