XAUUSD 4 Hour Momentum Chart 12/14

14 Des 2019

Indicators are throwing quite a few signals, price could go either way technically. A grind sideways till some news breaks out with the trade deal, repo market, and or petrol dollar/world currency dominance slip could send gold up or grind sideways till the markets give. The trend is bullish overall for the past year as gold has had a nice run. China and many banks have been accumulating gold for good reason, and china has likely accumulated far more than known.