Gold like Us30 is been moving due to trade talks between USA and China, and sentiment of investors. At this point Gold is currently testing a confluence swing point to continue the to the down side in the short term following the bullish channel, is the third rejection on a zone where there is an intraday resistance of the price besides the tendency line that is being respected, We will see a down push to the 1475.00 area first were we will see some rejection and then in the long term reach 1454.14 price area.
Keep on mind that investors are keeping an eye on brexit deal as well, we saw how the us30 (us stock market) moved in correlation with the new of a brexit deal draft aproved by EU.
There is still a chance that we can see investors sentiment turning the tables to the up side in the way to find a Deal for the trade talks, keep risk management as a priority. Great week
Keep on mind that investors are keeping an eye on brexit deal as well, we saw how the us30 (us stock market) moved in correlation with the new of a brexit deal draft aproved by EU.
There is still a chance that we can see investors sentiment turning the tables to the up side in the way to find a Deal for the trade talks, keep risk management as a priority. Great week