The Chinese economy advanced 6.4% yoy in Q4 2018, after a 6.5% growth in Q3, matching market expectations. It was the lowest growth rate since the global financial crisis, amid intense trade dispute with the US, weakening domestic demand and alarming off-balance-sheet borrowings by local governments. Considering full 2018, the economy grew 6.6%, the weakest pace since 1990 supporting the weak demand at the mean time.
on the technical side, gold prices rejected from Fibo 61.8% retracement from april 2018 high to august 2018 low, and it broke the Symmetrical trianglepattern on the H4 time frame.
this move may target 1270 then 1260$.
Stop loss should be placed above 1300$.
goodluck
on the technical side, gold prices rejected from Fibo 61.8% retracement from april 2018 high to august 2018 low, and it broke the Symmetrical trianglepattern on the H4 time frame.
this move may target 1270 then 1260$.
Stop loss should be placed above 1300$.
goodluck