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.
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.