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Gold edges higher but will Trump’s speech be an outlook changer?

From hmarkets.com

Price action of the last few sessions leaves gold at an important crossroads where the near term corrective outlook meets the medium term positive outlook. How traders react to Trump’s speech on China today could be a key driver in determining the next move. There are signs of a shift back towards a more positive outlook on gold again, but a near term corrective outlook still needs to be broken. The market is at a key inflection point. Fundamentals/Newsflow On a near term basis, gold is struggling. The positive risk appetite of recent sessions has hit gold. But with a key speech of Donald Trump scheduled for today ... (full story)

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  • Category: Technical Analysis