KQMarkets

Gold - Short despite bounce towards $1500 psychological level

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
We see Gold moving lower despite it's recent bounce to the $1500 psychological level as we don't see the market going up unless prices consolidate above $1500 to then challenge resistance at $1536. However, there is significant upside potential as Gold has sustained a relatively high level despite the recent rebound in equities and tensions easing in the US and China trade war.

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