Gold traders are in limbo amid trade uncertainty. The risks of a
collapse for a phase-one trade deal are rising and gold can’t muster up a
rally. A firm bottom was put in place last week for gold, but traders are
largely skeptical that pullback has run its course. If gold does not recapture
the $1485 an ounce level by the end of the week, we could sellers take
control.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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