Gold Daily Review for August 3, 2018
|The US is looking at increasing tariffs on $200 billion of Chinese imports from 10% to 25%, according to reports, which would lead to swift|
|Gold prices may trade to fresh yearly lows as the bearish momentum from earlier this year appears to be reasserting itself.|
|A stronger US dollar pushed gold prices further to the downside on Thursday. The value fo the ounce weakened during the US session, breaking below pre|
|Gold prices fell Thursday to settle at their lowest in more than a year as the U.S. dollar strengthened, particularly against the British pound which|
|Gold prices sank to a 13-month low, with sellers now aiming to test below the $1200/oz figure. Upbeat US labor market data may accelerate the|
|Hourly chart Current Price: $1,207 Daily High: $1,210 Daily Low: $1,206 Trend: Minor corrective rally likely, still overall bearish Resistance|
Have a nice trading!