Investors knocked gold price down

Gaining profit take place in the market before the US data

Investors knocked gold price down after the rise of the US dollar today so they head to buy the US dollar and to sell gold/ Gold price yesterday gained a lot of profit and aspire to a new level, most of analysers said gold will continue to rise, but I oppose their opinion and i said that gold price need to hack $1486 USD/Ounce of gold, to continue in the rise channel. As usual when the US dolla rise gold price decline, it is the main reason for the decline of gold price today in the market, in which Gold price May 09, 2013 08:12 NY Time recorded a decline by 0.62% to reach the level of $1465.20 USD/Ounce of gold in the spot market.

the second direct reason for the rise of gold price is gaining profit, after gold price rise yesterday to the level of $1476 USD/Ounce of gold, investor see that it was a good opportunity to sell gold to gain more profit. for this we watch some technical selling process in the market caused the decline of gold price, i had warned  you yesterday from the gaining profit, for more about gold price or any question you can ask on @MElkirsh, you are welcome any time to.