gold jinyu Oct. 28th gold price trend analysis *LINK*

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International gold price dropt slightly last trading day, dropt to about 1225 after based around 1230 in U.S. trading time, in today’s Asia trading time gold dropt from a bottom line, rebounded from 1223 to about 1230

U.S. September pending home sales is not as good as expected, yet annual data is increasing and had a limited effect on USDX. Gold, on the other hand suffered a slight drop. Downside support line 1220 was strong, price rebounded immediately after touched that point, daily MACD signal and main is bonding around zero axis, market violent fluctuation is increasing, the pressure comes from 1235 and support from 1225.

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