Gold Analysis

Gold is in wait and see mode. You can see clear consolidation on the 1hr and its trading within a very tight range so expect a strong break.

Trade tensions again have eased within China stating they want a solution to the Trade deadlock with the US. However with both parties still no nearer to an agreement we could still those safe haven flows continue for the short term.

But a break of 1525 support could see some significant correction to the downside.

Just be very patient with Gold and let it show you the direction it wants to go, don’t rush in.

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