position is supported near where average daily line

Sanhe jin letter analysts believe ChengGuoWen

On Wednesday, the international 1428.3, highest spot gold opened 1440.5, lowest 1424.4, closing 1436.2. On average, graphics ZhongYang charge out five candle line.

Prices in the us attack on the nearby locations mentioned yesterday, but thwarted resistance amid robust level exceeded our expectations, we'll short-term market factors judgment is obviously appeared fallacy.

Of course this also with some new market news - these news about rising cheap uggs is good for u gold prices for short-term provides a new dynamic. The us Commerce Department figures show, seasonally adjusted in February, U.S. new-home sales last month, a record low down 16.9% converted into an, for 25 million households, the expected 29 million households. Bad new-home sales data prompted some investors think second round of quantitative loose ends and the Fed will not on time (Fed) will continue to market liquidity, gold benefit. "

Although the European commission eurozone, according to figures released on March consumer confidence index fell to - 10.6, initial revised February for - 10.0, initial - 9.9. Portugal's parliament, not through the government austerity measures and the European Union said it would not in this week's summit decided how to expand the eurozone financial stability fund (EFSF) scale. Market with the expected results could be expected to summit, far from Europe debt worries warming.

In such cases, but the dollar moved back. But not so gold Coalition forces continue to Libya and cause more air strikes the implementation of casualties, the crude-oil prices continue. Mr Qaddafi tough resistance to Libya also makes market attitude to alleviate problems continue to rise in crude oil overnight also.

Technology perspective, the price is in weeks BOLL near the rail graphics thwarted. But weeks graphics and day graphics stochastic still have sufficient room to rise. 4 hours graphics are still indicators are appropriate space. Short xiaoshan cycle graphics have adjust demand, days in 1430 position is supported near where average daily line 5. The more strong support in 1420-15 multiple averages crisscross position near. Short-term resistance is a former high above the 1,450 more strong resistance in 1450 near, near the BOLL position also in graphics rail.