Spot Gold may come under further pressure as safe haven buyers exit

Spot Gold Analysis


Commodity – Spot Gold

Spot Gold has been up and down as market volatility has had safe haven buyers jumping in and out of the precious metal. The YEN ( also a safe haven in times of uncertainty ) looks ready for a bounce as safe haven traders exit. We see gold coming under further pressure as the threat of a trade war wears thin and buyers get squeezed out of the action as price heads lower. The key level now is minor support around 1322.


Commodity : Commodity – Spot Gold

Current Price : 1327

Status : On watch for further weakness