Gold Daily Review for December 2, 2019
|The Dow Jones, gold and the US Dollar traded within their recent ranges last week as crude oil suffered a significant retracement on Friday as supply concerns worked to pressure the commodity lower.|
|On the daily chart, gold stays under mild selling pressure near the November lows while trading below the 1465 resistance level and the 50/100 SMAs.|
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|Gold is flashing red in Asia, as stocks are gaining ground, possibly on the back of upbeat China data. At press time, the anti-risk yellow metal is tr|
|The price of gold may continue to track the range bound price action from November amid the uncertainty surrounding the US-China trade negotiation.|
Have a nice trading!