Spot Gold Price – Based on this week’s price action and the current price at $1502.60, the direction of the December Comex spot gold on Thursday is likely to be determined by trader reaction to the 50% level at $1492.
Analysis
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Gold Price Today : Brexit and the US-China Trade War Support to the Bullion
Gold prices were largely unchanged on Wednesday, as investors awaited more clarity on the Brexit and the US-China trade war, while some technical buying provided modest support to the bullion.
Spot Gold Eases as Trade Talk Cheer Buoys Risk Appetite – Gold Silver Reports
Gold prices declined in domestic futures trade on October 22 as progress in trade talks between the Washington and Beijing lifted risk-on sentiment.
Gold’s Struggle for Clear Directional After People’s Bank of China’s (PBOC) Interest Rate Decision
Gold’s struggle for clear directional bias continues after the People’s Bank of China’s (PBOC) interest rate decision.
Gold Daily Chart Indicators are Flashing Bearish Conditions – Gold Silver Reports
Gold Daily Chart Indicators are Flashing Bearish Conditions – Gold risks falling to recent lows near $1,460, having carved out a bearish outside day candlestick pattern on Tuesday.
Gold Price Today: Gold, Silver Trade Higher ahead of Brexit Talks
The bullion counters traded higher in morning deals on Tuesday ahead of a crucial Brexit meeting, as uncertainty loomed over how Britain will leave the European Union.
Gold Report: Negatively Impacted by Positive Newsflow on the US-China talks
Gold Report : Gold is another safe haven that has been negatively impacted by positive newsflow on the US/China talks. The price reaction on major markets yesterday would suggest that despite a weakening dollar, gold is not an asset to be stuck in long should there be a positive outcome from these trade talks today. A bearish outside day candle has flipped the technical outlook towards a negative near term bias once more.