Technical : Looks like a back test of previously broken ascending channel, furthermore it can be viewed as descending channel has been broken, so a retest is due
Fundamental : I guess gold already priced in an extreme response from trump on china, so when the announcement drops it would be a temporary spike to settle later with sell the facts
Either way, if daily closes above $1740, then buy stop hedge or cutting losses is the idea option
Fundamental : I guess gold already priced in an extreme response from trump on china, so when the announcement drops it would be a temporary spike to settle later with sell the facts
Either way, if daily closes above $1740, then buy stop hedge or cutting losses is the idea option
