Concerns about the end of trade war encourage speculators to take profits
What goes up must go down. Gold has again proved this idea. By early autumn, gold price had climbed up to its 6-year highs, bullish forecasts were ample, someone expected $1600 per ounce already this year, someone suggested $2000 next year. But, in fact, everything is different. After a short rise, that turned out to be a trap for buyers, gold has met my forecast published in September that suggested $1460-$1465, and it may well continue declining.
At first sight, the XAUUSD drop looks surprising. Reuters reports that…
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