Gold continues to look wholesome
Gold was hit by the standard stoop early within the week of Chinese language lunar new 12 months. I talked about that sample final week and it is performed out as anticipated.
Now danger aversion is ramping again up and that is what fueled a lot of the rally late in 2018. Issues in US-China negotiations might additionally add a tailwind.
Technically, the small retracement this week held $1300, which was the previous breakout degree. It might want to get above $1326 to proceed the uptrend however the stable bids showing well-before $1300 are constructive.