GOLD above $1550 and pushing higher towards $1600-50 area. After the recent bounce off the $1535 area, gold bullish momentum is increasing.
Euro barely moved at $ 1.10905, while risk-sensitive currencies between the US and China. Here is the EURUSD Fundamental Analysis of 26 December, 2019.
Gold price declined initially towards the $1400 support zone before firing up by an impressive 48$ until this morning as the bulls stepped in hard.
The Australian dollar dropped sharply to a low of 0.6975 after Donald Trump announced the new tariff threat.
Gold price is taking bids around the $1390 level this morning after dropping towards the $1382.76 support level during yesterday’s session.