International gold price yesterday dropt from a relatively high point, once approached 1238 and then dropt to 1231. Gold price stabilized at about 1233 at the end of U.S. trading time, price once tried to rebound but suppressed by bearish market. In today’s Asian trading time, gold rebounded slightly, climbed up to about 1236.

U.S. September New York manufacturing index was strong, while August industrial output was not as good as expected, dragged USDX down from a high point, also lifted gold to rebounded and stopped its decline. Currently gold daily chart price created a small raise, MACD green bar is going smooth, traders should pay attention to the 1240 resistant point and 1230 support point. doing band trade would be a good choice.