International gold price last trading day rebounded slightly and stabilized at about 1220, then climbed to 1225 and started correcting itself. The continuous rebound limited gold’s correction space, in today’s Asia trading time, gold rise rapidly, breached 1230 all the way up to about 1334.

U.S. September export price index released a couple days ago appears weak, which indicates US dollar appreciation and oversea economy weakness effected U.S. economy badly. IMF, at the same time, keeps emphasize the slowing down of global economy growth and anticipates that Fed will postpone its raising of interest rate. These data fueled gold’s rebound. USDX, on the other hand, started correcting. Currently gold still enjoys the rebound momentum while 1230 is yet to be tested. Intraday trading doing long would be good.