XAU/USD Analysis: tests falling.....................
The XAU/USD exchange rate increased to the upper boundary of the falling wed. During today's morning, the rate was trading near the given line.
From a theoretical point of view, it is likely that some downside potential could prevail in the market.
The putting off of escalation in the trade war is certainly welcome news for risk assets but the lack of substantive progress - in my view - will continue to allow gold to find some tailwind in the bigger picture.
From a theoretical point of view, it is likely that some downside potential could prevail in the market.
The putting off of escalation in the trade war is certainly welcome news for risk assets but the lack of substantive progress - in my view - will continue to allow gold to find some tailwind in the bigger picture.
Trade active