Gold price intends to increase to $1296

contentUrl

Gold price experienced a downside correction and fell by $60 or by -4.4% due to agreement between US and China to suspend a trade war.

Traders have felt that compromise have been found and started to sell a precious metal from its highs.

Gold price chart
Gold price chart

However, downside trend has decelerated for the last two days and Doji candlestick has been formed. That’s a hint for correction. The nearest aim is an upper bound of a channel – $1296.

Fortrader contentUrl Suite 11, Second Floor, Sound & Vision House, Francis Rachel Str. Victoria Victoria, Mahe, Seychelles +7 10 248 2640568
Economic calendar
Time to start
00:04:13
02:34:13
02:34:14
02:34:15
02:34:23
Share on social networks
Loading...