Sept. 4th gold price trend analysis *LINK*

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International gold price yesterday raised from a low point. After received support from downside price started to rebound and gained more support after breached 1270; in today’s Asian trading time, gold volatilized and went upside, currently closed at about 1272USD/oz.

U.S. July monthly factory orders released yesterday wasn’t as good as expected, U.S. dollar index was also dropt from high, these gives gold an opportunity to rebound. Currently gold daily chart price after raised a little started to consolidate its support at about 1268, still 1278 gives a lot of pressure upon gold price.

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

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