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Muted Gold Shifts Safe-Haven Status to Silver?
XAUUSD Looking Muted as US Macros Offset Geo-Related Gains Apart from the weekly price action, indicators suggest that gold could remain under pressure in the medium-term. After the $1478 top was taken out markets slid, suggesting the completion of subminuette wave 4. We could expect correction before we start seeing further downside moves. However, it could be deep, or even revisit the previous top. The latter could form a triple complex correction. Bears need to focus on whether a successful break below $1456 occurs or whether a retest is seen. Silver Gains Traction As Gold Hangs on Trade War Resolution With the ... (full story)