gold jinyu Nov. 5th gold price trend analysis *LINK*

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International gold price rebounded slightly, once dropt to about 1164 then raised a little. in Europe trading time gold dropt from 1170 and started correcting in U.S. trading time.
U.S. September trade balance is not as good as expected which dragged USDX down. While September factory orders and durable goods orders keeps getting better and that stabilized USDX in a high level. Gold’s failure rebounding indicates that it’s still weak. Currently the situation of weak gold is not changed, MACD green bar is smooth, bearish is controlling the market, trading short during intraday trading would be better choice.

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