Gold prices jump as trade war returns
1 min readMay 4, 2020
Gold futures tested the strong support area between 1670–1700 on last Friday. It is anticipated that Gold to jump up to react on the tension of trade war between US and China.
On H1 timeframe, Gold broke out the swing high during the London session with a demand bar. A pullback into the demand zone formed by the demand bar can be a good long entry for a short term up swing, as per the trading strategy video on identifying support and demand zone for swing trading as shown below:
