International gold price based sideways last trading day, rebounded to about 1243 multiple times after stabilized at 1238. Price is still at the basing phase, both upside and downside are trying to push gold, in today’s Asia trading time gold corrected a little, fluctuate around 1240.

U.S. last week initial jobless claim is better than expected, yet subsequent jobless claim on the other hand is not as good as expected, September industrial output is better than last month. But October housing market index dropped sharply. Under the comprehensive influence, USDX keeps correcting, gold made a small rise. Currently gold daily chart MACD main and signal is approaching zero axis, red bar’s stabilization helps gold to rise, waiting for market fluctuation during intraday would be good.