Stock markets are trying to rebound but face a challenge while international tensions remain high. Meanwhile the gold price is now consolidating around $1,565 after a long rally. For the time being the trend remains bullish and we can consider today’s moves as a stabilization phase after the massive jump of the last two weeks.
Technically the area $1,550-$1,555 represents a first support level and as long as prices remain above this mark, the bullish momentum will persist.
