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XAU/USD: Gold Drops from weekly highs…What Next?

1 minute ago
Gold weakened from the highest level at the close of the trading week….trading below $1461.90/oz and seem moving lower. If price breakout downward at the support trendline ,we might see price dropping below 1450.00.

Equity prices in Wall Street are mostly lower showing little changes. The Dow Jones drops 0.25% and the S&P 500 0.08%, affected by concerns on the impact on US/China trade talks of the recent Hong Kong resolution passed by the US Senate. Those concerns initially boosted XAU/USD to the $1480 area but then it reversed.

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24 Nov 2019 11:45 am Posted by admin