hard to predict whether goes up or down

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Aug. 13th gold price trend analysis
International gold price dropt from a high point, once approaching 1317USD/oz. then dropt sharply down to below 1310 during last night, strong U.S. dollar index pressed gold price, make it hard to rebound. Today’s Asian early trading gold went downside, currently closed at about 1308USD/oz.
Gold price rebounded after stabilized at 1305, whether it could breach 1310 and stabilized at that line is very crucial. While the drop indicated that gold is still weak, eased regional conflict brought an adverse effect on gold. Currently gold daily chart is narrowly arranging, downside support line is yet to be stabilized. Trading positions during wave band would be a good choice.

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