contributing analyst

Summary: overall narrow-range consolidation in gold yesterday, closed slightly up 2.38 m or 0.14%, closing at $ 1695.12 an ounce. This is mainly because yesterday in United States were closed for Thanksgiving, thinly traded markets. Fitch Ratings will be Portugal's rating to junk status, and warned of possibility of ratings lowered further. Message slightly depress confidence in the market, the United StatesMeta indices remain high, gold slightly compressed. Kanamichi Guo Zichen, contributing analyst pointed out that today, trend is still down, arranged averages to maintain short, gold will trend further downward.　　We are still seeking every high short, targeting us $ 1640, close located above the stop loss at $ 1700. Yesterday gold overall narrow-range consolidation diablo 3 power leveling, closing slightly rose $ 2.38Or 0.14%, closing at $ 1695.12 an ounce. This is mainly because yesterday in United States were closed for Thanksgiving, thinly traded markets. Fitch Ratings will be Portugal's rating to junk status, and warned of possibility of ratings lowered further. Message suppression continues to depress the market confidence, dollar index, remain high, gold slightly compressed. Kanamichi Guo contributing analystThis morning noted that Fitch downgraded Portugal ratings, but do not have a significant impact on the market. Gold and the stock market performance in Europe is relatively stable. This may mean that the market has certain expectations on European debt issues, but may also be because yesterday in United States markets closed because of thinly traded. Therefore, today's market reaction will be cause for concern. If markets continue to today were unimpressed darkAs shown in the price of gold in the short or stabilising.　　In contrast, if risk aversion today rising sharply, gold prices are likely to remain on decline. Thursday France, and Germany and Italy 3 national leaders in France Strasbourg said after the mini-Summit on eurozone debt crisis, leaders of the 3 countries are aware of the gravity of the situation, determined to spare no effort to guarantee the euro's eternal and lasting. But Summit does not adoptOperational measures, so slightly disappointed investors. Outlook will focus on common eurozone debt programme, if it can be introduced smoothly, which could underpin the gold. In addition, the European Central Bank's recent performance of silence, but the actual claims have been quietly buying troubled country, which may also be a silent stand. Once the market results into consensus on European debt problems, gold and other risky assetsWill usher in a rebound. Information, Germany recorded in the Ifo business climate index of 106.6, slightly higher than expected 105.1. United Kingdom GDP in the third quarter at an annual rate and 0.5% quarter rates of growth, in line with expectations. However diablo 3 gold, the data have little effect, because yesterday in United States were closed. Today less data will focus on Italy September retail sales, before the annual valuesDown 0.3%, the monthly rate was flat. Better-than-expected data likely to be a little mood boost risk appetite, to provide some support for gold, if you do, you will suppress the gold price.　　But effects of data is expected to be limited, will continue to focus on market response to Europe's problems. Technically, daily trend is still down, arranged averages to maintain short, gold will trend further downward. GoldPrice continued to narrow above the $ 1670-1710 consolidation. We are still seeking every high short, targeting us $ 1640, close located above the stop loss at $ 1700. Days after key support at $ 1660-1670, days of key resistance at $ 1700-1710. (Kanamichi Guo Zichen, contributing analyst)