Gold is standing above the higher support zone.
This probably would be another chance for its rally up to break 1200 again.
Its been a while that GOLD moving up and down around 1200. Is this good time for it to make a new high ,targeting 1230 or higher position.
And just few hrs ago, Trump gives final touches to his $200-bn bomb, US-China trade war enters new phase.
This is bad news for both country, but could be a good news for GOLD as a hedge commodity.
Check DXY, it already in a descending channel even though it could probably has a weak support on 94.30
This is weak becoz fundamentally , Trump would like a weak DOLLARS as a business men. Even though he doesn't say it , he just make it happen.
Less is more!
This probably would be another chance for its rally up to break 1200 again.
Its been a while that GOLD moving up and down around 1200. Is this good time for it to make a new high ,targeting 1230 or higher position.
And just few hrs ago, Trump gives final touches to his $200-bn bomb, US-China trade war enters new phase.
This is bad news for both country, but could be a good news for GOLD as a hedge commodity.
Check DXY, it already in a descending channel even though it could probably has a weak support on 94.30
This is weak becoz fundamentally , Trump would like a weak DOLLARS as a business men. Even though he doesn't say it , he just make it happen.
Less is more!
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