INILAH.COM,Jakarta –Yesterday, gold prices rose to a level of U.S. $ 1,350 per troy ounce. However, this afternoon the precious metal retreated. MACD indicator shows it. Like what?
Based on data reported cnbc.com , in trading on Friday ( 25/10/2013 ) until around 13:10 pm , the international gold price traded lower by U.S. $ 7.5 ( 0.56 % ) to U.S. $ 1,342.8 per troy ounce .
Ariston Tjendra , head of research Investindo Futures Monex said , the price of gold rose to $ 1,350 area yesterday . The increase is due to the data U.S. claims for unemployment benefits back worse than market expectations .
Bad data , he said , reinforcing sentiments No. tapering at the U.S. central bank meeting later this month . " Overall, the pressure is still higher for gold , " he told INILAH.COM , in Jakarta , Friday ( 25/10/2013 ) .
However, Ariston underlines , if you see an indicator Moving Average Convergence - Divergence ( MACD ) on the graph 1 hour and 4 -hour look at a price divergence pattern . " Prices rose but the MACD indicator to decline , " he quipped .
It was , he added , indicating a change of direction down could happen in the near future . " But the pressure drops require confirmation penetration nearest support level at around U.S. $ 1,337 with a target potential area to U.S. $ 1,329 per troy ounce , " he said .
Meanwhile , according to Ariston , further strengthening the area approaching U.S. $ 1,360 require confirmation penetration resistance level at U.S. $ 1,353 per troy ounce .
Today, he said , some of the data that could be a market mover Ifo German business is data , the data of Gross Domestic Product ( GDP) in the third quarter of 2013 the UK and the data U.S. durable goods orders . ( Inilah.com )
Based on data reported cnbc.com , in trading on Friday ( 25/10/2013 ) until around 13:10 pm , the international gold price traded lower by U.S. $ 7.5 ( 0.56 % ) to U.S. $ 1,342.8 per troy ounce .
Ariston Tjendra , head of research Investindo Futures Monex said , the price of gold rose to $ 1,350 area yesterday . The increase is due to the data U.S. claims for unemployment benefits back worse than market expectations .
Bad data , he said , reinforcing sentiments No. tapering at the U.S. central bank meeting later this month . " Overall, the pressure is still higher for gold , " he told INILAH.COM , in Jakarta , Friday ( 25/10/2013 ) .
However, Ariston underlines , if you see an indicator Moving Average Convergence - Divergence ( MACD ) on the graph 1 hour and 4 -hour look at a price divergence pattern . " Prices rose but the MACD indicator to decline , " he quipped .
It was , he added , indicating a change of direction down could happen in the near future . " But the pressure drops require confirmation penetration nearest support level at around U.S. $ 1,337 with a target potential area to U.S. $ 1,329 per troy ounce , " he said .
Meanwhile , according to Ariston , further strengthening the area approaching U.S. $ 1,360 require confirmation penetration resistance level at U.S. $ 1,353 per troy ounce .
Today, he said , some of the data that could be a market mover Ifo German business is data , the data of Gross Domestic Product ( GDP) in the third quarter of 2013 the UK and the data U.S. durable goods orders . ( Inilah.com )