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Gold to fall below 1500

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold eased after rallying on recession fears last week. The price fell below the 1500 threshold retracing form a multi-year high. The dollar got stronger and worries eased after major central banks signalled more stimulus. But there are still buyers of the bullion as uncertainty persists over the trade war. Trump said he is not ready to make a deal with China. RSI moving down from an overbought area on a daily chart . More clues on future interest rates will be following the US Fed Jackson Hole symposium this week. More optimism from the trade side could drag the price to 1480 levels.
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