Gold has reached a strong support line and I expect a pullback to the level of 1488, after which the fall will continue.
If China deal blew up and trump tariff goes live then you bet we head right back above 1500 to potentially 1600. But I am thinking Trump is trying to balance the stock market so in times of uncertainty be less greedy and take smaller profits rather than expecting a bigger swing.
New media is extremely manipulative. On one hand China is saying US agree to rolling back the added tariff, then Trump said he never agreed to rolling back any tariffs. Both leaders can't even agree on where to sign the deal. The funny thing was that it's all speculative, nothing has changed all tariffs are in place, no deals has been signed yet.
The 10 year bonds are rising since they were over sold and Dollar is gaining which naturally puts pressure on gold. Sort of expected because that's how market cycle. When unsure, might be best to wait for a sentiment change.