Gold Technical Analysis: Worst Daily Performance In a Year

From dailyforex.com

The price of the yellow metal had the worst performance in a year, as the price fell to the level of support at $1382 per ounce from the resistance level of $1424 and stabled around 1392 at the time of writing. This was amid optimism among financial markets and investors after the summit of Trump / Xi and agreeing on the return to the negotiating table. Therefore, investors have abandoned the safe haven assets led by gold. The price of an ounce of gold still has a strong chance to confirm the bullish trend with a move toward the higher psychological resistance at $1400 again. Recent gold price gains reached the ... (full story)