Gold Price Outlook Breaking Down - Is Bullish Momentum About to Crack?

From dailyfx.com

Gold’s recent push higher is fading as markets put their faith in the latest round of optimistic US-China trade deal reports. News outlets are saying that the US may dial back on some of the tariffs imposed on Chinese goods on September 1 to help push through phase one of a deal with China, and markets are taking a positive slant. The Chinese Yuan is trading back below 7.00 against the US dollar for the first time in three months, after having hit a peak of USD/CNH 7.196 in early September.While risk-on asset markets are booming – S&P 500, Nasdaq and the Dow Jones all hit record highs Monday –traditional ... (full story)