Global stock market crash of gold found support to help

 Global stock market crash of gold to help support
into Chinese
found Tuesday, the international spot gold opened 1238.8.7, the maximum 1245, minimum 1227.8, 1240.5 closing. At length on the graph lead to close out the small positive stars. All day performance The movement of the Xianyihouyang.
prices shown in Asia and Europe tumbled period,UGG boots clearance, in line with technology trends expected. enter the North American session, the price mentioned yesterday, we touched on the strong technical support position. At the same time, short-term market environment has some changes.
Conference Board said Tuesday the U.S. data showed the U.S. June consumer confidence index fell to consultation 52.9, substantially lower than the 62.5 economists expected consumer confidence .5 revised down to 62.7, the former value 63.3. renewed economic worries, the global stock market plunge Asia and Europe overnight, the three major U.S. stock indexes follow the stock market crash, the Dow closed down 2.65%, Nasdaq and S & P 500 index closed down 3.85%, respectively,UGG bailey button, and 3.10%, S & P 500 even hit the lowest level this year. The market risk aversion has risen sharply sold off risky assets. Gold is also so in such a process be supported.
In addition, European banks need to pay 4,420 million euro emergency loan fears that the financial system may have more than 1,000 billion euros of liquidity shortage, which is triggered by the stock market sell-off to enhance the cause of market risk aversion. In addition, three major trade unions 29, Greece launched a nationwide strike again to protest against the government implemented tightening of fiscal policy as well as privatization and pension system reform measures. This is the sixth time this year the Greek national strike. This is no doubt that the current market view is not good news.
in such a market environment, the further pursuit of the gold by investors. late data cut-off on June 29, the world's largest gold ETF, SPDRGoldTrust holdings to a new record of 1,320.44 tons, representing an increase of 4.26 tons the previous day.
Technology point of view we had mentioned a price near the average position of 1245 in which short-term suppression. The location is also after hours support line on the graph formed by back pressure. above the more resistance in the vicinity of .4 hours BOLL 1258m60 horizontal run, and then fear will major regions around the 1260m1245m1230 run. operation under the non-anti-anti-,Bailey UGG boots, in the form of clear before the appearance of the top investors in the operation should continue to Buying .6 mainly non-farm data will be released Friday,Discount UGG boots, the market focus expected to be transferred, is difficult to compare with the value found in the operation of the opportunity, we recommend investors to wait and see.
Statement: The above comments represent the personal opinions of analysts and does not constitute any trading recommendations. customers trading in your own judgments, and bear any trading profits and risks arising.