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  • Preview: September US Home Sales

    From cnbc.com

    Sales of previously occupied U.S. homes likely slipped last month from a two-year high reached in August, the latest sign that the recovery in housing is slow and uneven. Economists forecast that sales dropped 1.7 percent in September to a seasonally adjusted annual rate of 4.74 million units, according to a survey by FactSet. The National Association of Realtors will release the report at 10 a.m. Eastern time Friday. In August, sales of previously occupied homes jumped 7.8 percent to 4.82 million, the highest since May 2010, when sales were aided by a federal home-buying tax credit. But the number of contracts ... (full story)

seems another green for US...
Quoting sfurqan
seems another green for US...
Report of CNBC is indicating Green but i think when CNBC says Green, it means Red. Let see what would happen.
Wait and see what will happen.
yes.. also if we look at the prediction for CPI its stagnant and also look the USD/CAD overbought last night... and bearish move is more likely to be happen perhaps.. let c..
gold already hit support level at 173x and it did not break thru so it is time to go long for gold.
Quoting fatfigure
gold already hit support level at 173x and it did not break thru so it is time to go long for gold.
oh well,maybe yes? maybe Not
Quoting fatfigure
gold already hit support level at 173x and it did not break thru so it is time to go long for gold.
i would rather wait and watch. if the home sales report turns out to to be "green", we might see further fall in gold and then it could pierce through the 1730 support level. then around 1718 would would be a good price to go long.
the hurried sell-off happening right now is an indication of fear that gold might be heading further down. those who went long at 1732/34 are closing to make a quick profit.
Quoting longorshort
i would rather wait and watch. if the home sales report turns out to to be "green", we might see further fall in gold and then it could pierce through the 1730 support level. then around 1718 would would be a good price to go long.
it's green. so we might see gold falling further - possibly to the next support level of around 1720.

and then it might be a good price to begin a long trade.
i dont think Gold can go further short... its now long time..
Quoting longorshort
it's green. so we might see gold falling further - possibly to the next support level of around 1720.

and then it might be a good price to begin a long trade.
ahahahaha serious? its pretty much priced in. people talk talk talk.
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EUR/USD drop to 1.3022, while gold remain calm.
sign of reversal???
gold is testing the around 170 support level again. sign of possible fall to the next level of around 1720.
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