Sept. 23rd gold price trend analysis *LINK*

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International gold yesterday touched a bottom line and rebounded, received support from 1211 and started rebounding, raised to 1220 during U.S. trading time then dropt again and corrected itself at about 1215; in today’s Asian trading time, gold is slightly higher, correcting at about 1218.

U.S. August annualized existing home sales was not so good while Euro zone September CCI remains weak, which makes USDX strong and hit another record, gold on the other hand finds support after a few days of declining but still weak. Gold price might receive strong support from 1213 and get pressed by 1223, short term band trading would be a good choice.

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

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