Aug. 28th gold price trend analysis


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International gold price volatilized and went downside, then went up to 1287 in Asian trading time and started correcting itself, price moved to about 1282 at the end of U.S. trading time. Today’s Asian trading time, gold keeps rebound, currently closed at about 1286USD/oz.

Gold yesterday is correcting, price fluctuation is limited, U.S. dollar index reduced gains on profit taking pressure, start a sizable adjustment from high, whether ECB is going to push the further easing. That limited gold’s decline. Added by physical gold demand, gold stabled at above 1280. Currently gold daily chart keeps rebound, it is crucial that if gold can breach 1290 and expand the raising area. gold jinyu:whistling
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