Growth or decline? Gold price is close to the next step

Gold price correction inside an uptrend channel is continuing. Despite MACD indicator is bearish, quotes are moving into symmetrical triangle.

Future trend depends on the direction of breakout. If the support line is broken, the gold price will go down to 1280 $/ounce, otherwise, 1342 $/ounce will be an aim of the uptrend.

Trade war between China and USA is one of the key factor for the gold price movement.