Price for gold is corrected on US and China’s agreement

The price of gold reached low of the beginning of 2017. The downtrend continues from April and the fall is already 14.5% or almost $ 200. In this case, the down trend is clearly not going to stop. Gold is losing the status of a safe deposit. Investors are withdrawing money from metal and investing in dollar-denominated papers.

Today, the price of gold is corrected after the fall, forming a candle dodge. The reason was the news that the US and China will have discussions on trade issues in August. Technically, gold stay in the down channel.

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https://fortraders.org/en/trade-ideas/oil-brent-price-returns-to-april-values.html