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XAUUSD GOLD Forecast and Technical Analysis Nov 9th

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XAUUSD GOLD Forecast and Technical Analysis

Fundamentals:

Gold dipped in Asia on Thursday as President Donald Trump got down to talks with China's President Xi Jinping over contentious trade issues and tensions on the Korean peninsula.

Gold futures for December delivery on the Comex division of the New York Mercantile Exchange edged down 0.14% to $1,281.90 a troy ounce.

Overnight, gold prices rose to a nearly three-week high on Wednesday as ongoing concerns over tax reform weighed on the dollar, boosting demand for the precious metal.

Technicals for today and Gold Forecast:

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This article was written by Emre Tutucu for http://www.fxters.com/xauusd-gold-forecast-technical-analysis-4/ on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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