Gold is losing its charm

An ounce of gold, which we have long tracked in the December of$1260 -1290, has begun to show its reaction to below the$ 1260 level today.

August 08 last saw the level of$ 1251 ounce gold after that day turned up the direction even rose to$ 1357 on September 12. However, in the process, it could not retreat to the level of$ 1251 or rise above the level of$ 1357. In the aftermath, a cautious course in the dollar caused the ounce of gold to move in a horizontal course.

If we look at today and consider the elements that triggered the withdrawal of the ons gold;

* The dollar index (DXY) began to react in an upward direction, even if it was not very strong. His reaction is technically normal, but he's not losing sight of the fact that he's accelerating towards the 94-point limit.,

* In China, the world's second largest economy, the perception that the growth rate will remain moderate in the future is also effective. This led to sales in industrial metals such as Silver and copper