Gold July 25, 2018 Weekly Analysis

Wednesday, 25/07/2018 | 11:54 GMT

Disclaimer

Gold appreciated this morning from $1223 to $1233 per troy ounce after the meeting between the U.S. President Trump and the European Commissioner Juncker in Washington. The topic of the talks was on trade conflicts. In the scenario where the two parties reach an agreement, Gold may likely depreciate. In contrast, in the event where the trade disputes between the U.S and Europe escalate, Gold might appreciate. Major support is found at the $1200, a psychological zone, and resistance at the $1240.00.

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Source: https://www.exclusivecapital.com/gold-july-25-2018-weekly-analysis/

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