Poor Brexit and ECB flows kept gold upbeat yesterday as the risks of uncertainty and further Europe-wide economic hurdles weighed on sentiment.
In addition, markets were seen reacting risk-averse on the back of US-Sino headlines and Pence criticized “China’s actions in Hong Kong”.
XAU/USD Points to Higher Levels But Appetite Could Shift Anytime Again
Following the triangle breakout markets could expect the yellow metal to appreciate further now.
With the current medium-term structure however pointing to a bearish complex correction investors should remain cautious. Gold could simply be on a throwback formation.
