Jul. 28th gold price trend analysis

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Jul. 28th gold price trend analysis
International gold price volatilized and rebounded last trading day, stabilized at above 1290 during the night, then breached 1300 resistant line. During today’s Asian early trading, gold price dropped a little, currently closed at about 1303USD/oz.
As for information, gold enjoyed a limited raise last Friday, due to the conflict between Russia and Ukraine. Whether gold price can stabilized at 1300 is the key to market trend. U.S. dollar index is going strong currently, which limited gold’s rebound space. Currently gold daily chart doesn’t get rid of bearish yet, vitalization around MACD zero-axis is increasing. Trading positions during wave band is a good choice.

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