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