Trade talks between China and USA are not exactly having the effect that we thought it would. After all, we hoped that the talks were going to save already desperate situation with the trade balance in the world, but it seems that the longer the two countries are talking, the harder it becomes for us. The further the talks are proceeding, the more tense the situation becomes. Soon we are going to have to follow them even closer to be able to track the performance of the world market and link it to the trade talks. And in the meantime we are looking for the assets that can help us win.

And it seems that even despite the apparent growth of the greenback against the basket of six major currencies we still have another asset that can breakout right from under our noses. And it is gold. Yes, yes. This precious metal might just be an unexpected winner of the trade war with its status as safe haven supporting it on one side and hits which are going to be received by dollar on the other. We see that today’s perforce of gold has not been all that smooth, but the breakout if long-awaited. Right now everything depends on the trade talks and their effect on the greenback, although it is easy to imagine that some of the traders are going to prefer hiding in safe havens trading anyway, so gold is… golden in this situation.

Good, that we have a gold trading signal, isn’t it?