Trade talks between the US and China will continue to be a hot topic as both sides aim to secure the deal before the December 15 tariff deadline. Protests in Hong Kong have created Further division between the world's two largest economies and more is expected at the weekend. Labor adds a whopping 266K new jobs. Employers also hired more workers in the month than we thought with revised data showing an increase of 156K, up from 128K previously estimated. Unemployment fell to a 50-year low of 3.5%.
In addition, gold prices also had a negative impact this weekend by the speech of Larry Kudlow, Director of the US National Economic Council. Accordingly, Mr. Larry Kudlow said that the US-China trade agreement is still very close. However, he was cautious when talking about the 15% tax period for US $ 160 billion of Chinese goods from December 15. Despite knowing that the possibility of US-China trade negotiations is still actively promoting from both sides.
Next week, FED will have monetary policy meeting. Although the industrial manufacturing sector is still declining sharply, the US labor market is still stable, especially the GDP announced in the third quarter of 2019 has been stable at 2.1%, equal to the GDP growth. Q2. Therefore, it is likely that FED will still keep the basic interest rate at 1.75%. Although the US economy is in a decline, the US and China are about to sign a trade agreement during the period. Section 1 is expected to contribute to restoring the momentum of US economic growth. Moreover, the US inflation rate is still aiming at 2%. Therefore, the Fed will cut interest rates more is impossible, but instead is directed to keep interest rates to increase interest rates, so next week 90% Fed will keep interest rates. will affect the price of gold.
Technical analysis
We can see the h1 price bracket after forming the supply zone last week, the test price of 80-81 area many times was denied fals break, showing the weakness of the buyer with the gold price has just closed the $ 1459 mark, showing the possibility of In the early days of next week, gold price will continue to decline. This is an opportunity to continue selling gold.
So the upcoming view of SpartaFX will be
Sell GOLD 1464-1465 SL 1468 Tp 1458 TP2 1451 TP3
Trade Safe.
In addition, gold prices also had a negative impact this weekend by the speech of Larry Kudlow, Director of the US National Economic Council. Accordingly, Mr. Larry Kudlow said that the US-China trade agreement is still very close. However, he was cautious when talking about the 15% tax period for US $ 160 billion of Chinese goods from December 15. Despite knowing that the possibility of US-China trade negotiations is still actively promoting from both sides.
Next week, FED will have monetary policy meeting. Although the industrial manufacturing sector is still declining sharply, the US labor market is still stable, especially the GDP announced in the third quarter of 2019 has been stable at 2.1%, equal to the GDP growth. Q2. Therefore, it is likely that FED will still keep the basic interest rate at 1.75%. Although the US economy is in a decline, the US and China are about to sign a trade agreement during the period. Section 1 is expected to contribute to restoring the momentum of US economic growth. Moreover, the US inflation rate is still aiming at 2%. Therefore, the Fed will cut interest rates more is impossible, but instead is directed to keep interest rates to increase interest rates, so next week 90% Fed will keep interest rates. will affect the price of gold.
Technical analysis
We can see the h1 price bracket after forming the supply zone last week, the test price of 80-81 area many times was denied fals break, showing the weakness of the buyer with the gold price has just closed the $ 1459 mark, showing the possibility of In the early days of next week, gold price will continue to decline. This is an opportunity to continue selling gold.
So the upcoming view of SpartaFX will be
Sell GOLD 1464-1465 SL 1468 Tp 1458 TP2 1451 TP3
Trade Safe.
