In the past few weeks we've seen the selling of the gold metal becoming hectic as if it was in an alternative gold rush to sell.
A position of sellers still, at around the 1200.00 area, price looks like it had a moment of strength to take it back up to that level and the sellers will enter again for another sell off and take price down further to an area we believe to be containing buyers around the 1150.00 area.
Taking a close watch of current economic events such as the US-China trade talks, as this too will be sure to have an impact on Gold.
A position of sellers still, at around the 1200.00 area, price looks like it had a moment of strength to take it back up to that level and the sellers will enter again for another sell off and take price down further to an area we believe to be containing buyers around the 1150.00 area.
Taking a close watch of current economic events such as the US-China trade talks, as this too will be sure to have an impact on Gold.