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Slumdog Forex - Daily Forex Analysis

Gold Traveling Below Its Trendline - September 17, 2012


Gold traveling below its trendline along with profit-taking by investors coupled with concerns about global growth and unresolved problems are beryangsung in Spain and Greece.
USD Index is skyrocketing also encourages the decline in gold prices today. Also, the precious metals on this day have Decided to follow the weak raw commodity sector, roomates is pressured by the risk aversion in the market place Wednesday.
In addition, There is a "risk-off" mentality trader in the market place Wednesday morning, as the European Union's sovereign debt crisis is back on the front burner.











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