5.8 Gold risk aversion cools down

5.8 Gold risk aversion cools down

The Fed keeps interest rates unchanged, expectations of rate cuts are suppressed, and gold risk aversion cools down. There are reports that US President Trump may sign a trade agreement with the UK, and some investors are still waiting for the results of the US-China trade negotiations this weekend. Various news suppressed the strong rise of gold.

If the gold price falls below 3320 and remains below 3330, it will no longer be bullish in the short term.

BUY: 3330
SL: 3320
TP: 3360

SELL: 3320
SL: 3330
TP: 3290

Thank you for your attention, I hope my analysis can help you.