International gold price fluctuated violently yesterday, after broke 1290 gold price finally landed 1283USD/oz. last night, and then rebounded and dropt again from a high point at the end of Europe-us trading time. Today’s Asian early trading, gold price rebounded slightly, currently closed at about 1289USD/oz.
As for data, U.S. June factory orders released last night was better than expectation, June durable goods orders was also increased. Along with the strong ISM non-manufacturing PMI, multiple data boost U.S. dollar index up to 81.62 new high, which also pressed gold draw back from the high since Non-farm Payrolls data. Currently gold daily chart continues arranging, MACD green bar went smooth, market price started to settle, trading positions during wave band would be a good choice.