goldTrading Outlook

Gold: Daily forecast/outlook

Us-China Agreement!

Gold seemingly under pressure since the news came out that the initial agreement between the USA and Chania is taking place.

Earning Season!

Us earning result has also taken influence on part of the part which apparently looks diminishing safe-haven appeal.

Preferred view!

Therefore, we are in view to sell gold below 1554 with the stop loss of 1564 whereas target for the day under consideration is: 1531/1512 respectively.

Alternative!

Apparently, if the break out of 1564 occurred it could go up temporarily towards1593/1610 respectively.