Aug. 19th gold price trend analysis

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International gold fell slightly, once went up and approaching 1303USD/oz. during Europe trading time, but it dropt again in U.S. trading time, then stabilized at 1296 and rebounded. Today’s Asian early trading gold rebounded slightly, currently closed around 1299.

U.S. NAHB housing market index released last night was better than expected, which indicate that housing market keeps a healthy increase and continues getting better. This data also supported a strong U.S. dollar index. Currently gold daily chart temporarily stabled after two days declining. 1300 is still the crucial line, trading positions during wave band would be a good choice.

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