- A lack of progress between Xi and Trump following the meeting should support gold.
- 4-hour stochastics are turning positive, upside favoured.
From a technical perspective, 4-HR stochastics are turning positive although there remains a mixed outlook on the charts with daily readings in oversold territory still. The price remains on the verge of a 50% retracement of the 20th June spike and a break there, below 1398, opens inroads to 1357.
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