All positive news for gold investors. The analysis is long for gold. Support is developed in 1505. So over and above is buy rang for gold. Buy 1510 Tp 1 1525 Tp2 1540 Sl 1510
Gold is testing its level. is expected to go boom after 1508. Next, pull back to 1525.
Gold will keep continue climbing and further weakness in China’s yuan is the main driver to this morning’s upside with an assist going to surprise rate cuts in New Zealand and Thailand – all pushed by the escalating trade and currency war between the United States and China. Other central banks are on the verge of announcing cuts as well.
new level will be tp1 1514 tp2 will be 1523
There are no indicators showing gold going short. If it hits 1508 next vawe will be 1525