Sept 1st gold price analysis *LINK*

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Sept 1st gold price analysis
International gold price last trading day dropt slightly, temporarily raised to 1290 from 1285. Price corrected itself at the end of U.S. trading time. In today’s Asian trading time, gold based sideway. Gold price currently closed at about 1286USD/oz.
U.S. July core PCE price index released last Friday matched the expectation, plus the strong Manufacturing and consumer confidence, U.S. dollar index keeps strong. These strong data pressed gold to drop from a high point. Currently gold daily chart price correcting and basing sideway, MACD green bar converged to neutral axis, and market fluctuation is increasing, trading around 1280-1290 would be a good choice.

http://www.hj9999.com/trading-guideline/trend-analysis/

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