Gold printed a fresh all time high overnight, ending yesterday’s session at 2018.61 as 5-Year treasury yields hit a record low amidst increased safe haven demand on the back of rising expectations of further monetary and fiscal stimulus and an upcoming review of the US-Sino phase 1 trade deal at a time where tensions between the two countries are on the rise. Heavy data day ahead with ADP Non-farm employment in focus with 2031 and 2050 as next resistance targets.
Support: 2000 / 1980
Resistance: 2020 / 2031 / 2050
