Gold Technical Report: Gold could see a corrective bounce above $1,290, as the 4-hour chart is showing signs of bearish exhaustion.
Gold
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20 Years Of Eurozone And Gold – Gold Silver Reports
Gold Silver Reports (GSR) – In December, we celebrated 40 years of market reforms in China. In January, there was another important anniversary: 20 years of the euro area. So, let’s move from East Asia to Europe, analyzing the economic situation of the Eurozone and its implications for gold.
Gold Steady as Sino-U.S. Trade Hopes Drag Dollar
U.S. and Chinese officials expressed hopes that a new round of trade talks, which began in Beijing on Monday, would bring them closer to easing their nearly year-long trade war.
Spot Gold No Buying Below $1300
Gold Silver Reports (GSR) – Spot Gold No Buying Below $1300 – Spot gold was 0.41 percent lower at $1,309.55 per ounce at 1:50 p.m. EST.
Spot Gold $1,300 Resistance level for Gold is Looking Very Vulnerable
“The equities are looking a little heavy up at these levels and yesterday’s speech by Fed Chairman Powell felt like Fed might adopt a dovish stance on rates moving forward, which is lending a lot of support to gold,” Haberkorn added.