**GOLD is likely to retreat to $1,420**
Hi, Traders ! Monfex is on the air !
Gold is noticeably retreating amid the positive progress in trade talks.
* Positive news from Brexit and US-China trade negotiations are enhancing investor sentiment - positive headlines boosts investor’s risk appetite. Particularly, on the US-China landscape, the talks are taking positive course as the negotiations restarted in Washington.
* On that background, investors stars looking for riskier assets and, thus, outflow of funds from more conservative Gold is observed.
* Bulls have made several failed attempts to push the price considerably higher $1,500, while the massive volume of Sell limit orders was registered on the 3rd of October.
* Bears are more likely to have control over the price for the time being and we expect the Gold to retreat to around $1,420.
Active trade signal
Sell @$1,483 - $1,485.
Target: $1,420.
Stop-loss: $1,520.
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Gold is noticeably retreating amid the positive progress in trade talks.
* Positive news from Brexit and US-China trade negotiations are enhancing investor sentiment - positive headlines boosts investor’s risk appetite. Particularly, on the US-China landscape, the talks are taking positive course as the negotiations restarted in Washington.
* On that background, investors stars looking for riskier assets and, thus, outflow of funds from more conservative Gold is observed.
* Bulls have made several failed attempts to push the price considerably higher $1,500, while the massive volume of Sell limit orders was registered on the 3rd of October.
* Bears are more likely to have control over the price for the time being and we expect the Gold to retreat to around $1,420.
Active trade signal
Sell @$1,483 - $1,485.
Target: $1,420.
Stop-loss: $1,520.
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
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