For eight consecutive trading sessions, the price of gold is moving in a limited range between the $1450 support and the $1466 resistance in a cautious wait until the announcement of the deadline for the formal signing of the “Phase 1” trade agreement between the United States and China. Failure of the agreement will be a strong supporter of gold to return to the vicinity of $1500 psychological resistance as soon as possible. But the deal, if satisfactory to the markets, could be a major pressure on the price of gold to test stronger support areas. A limited agreement means the stability of gold prices. The future ... (full story)