The area of $1,530 has temporarily arrested the gold rally, proving to be a first resistance level in the way of bullion. Some investors are taking profit after the long bullish rally, while Donald Trump’s decision to postpone after Christmas the new tariff against China curbed the risk-off scenario.
The price is now playing near the $1,500 level, with a main trend that still appears positive as investors are betting on gold after the new dovish moves of many central banks.
