International gold price yesterday dropt from a high point, once surged to 1230 then dropt to about 1220 and started basing sideways. Market price fluctuation is getting violent due to the fight between market bearish and bullish. In today’s Asian trading time, gold based at about 1221.
U.S. July monthly HPI was not good as expected while September manufacturing PMI initial value kept expanding, which boost USDX to rebound and press gold to drop. Currently gold daily chart price is still facing a lot of pressure after gained some of its earlier losses. The pressure comes from 1226 and support comes from 1216.:ro_emote:
