Yesterday gold traded somewhat mixed and volatile, but eventually ended the day with a slight gain.
On Wednesday, gold was again under pressure amid new USD dollar gains. Having completed the correctional pullback, US currency resumed its upward movement due to the influence of political news and statistical data.
On Tuesday, gold price managed to produce just slight gains despite USD dollar expected reversal and shift to the correction.
Yellow metal finished the first day of the new trading week with a slight decline, amid the ongoing rally of the American dollar.
Despite moderate growth on Friday , gold completed the last trading week with a slight decline amid serious pressure from USD dollar. In a broader picture, gold is still traded above 1300 and on Friday managed to close above 1310, which is now a closest support line.
On Thursday, gold was able to recover some of lost positions amid increased concerns on the US-China trade negotiations.
On Wednesday, gold continued its local down move on the background of large-scale US dollar gains and dipped to the first really strong area of support.
On Tuesday gold market traded in pretty limited price range retaining the sideway orientation but managed to end the day with slight gain.
Gold ended the Monday session with slight decline around 0.35% being somewhat under pressure from USD dollar.
On Tuesday, gold managed to break the local bearish trend that we have seen over the past three days.
