Gold is holding close to 2018 lows as the precious metal continues to slump, with traders opting to hold USD for the time being. The price has decreased back to $1241 area as the yellow metal is still loosing its allure as a safe haven instrument despite escalating trade war tensions.
Another selloff saw the price reaching the $1241 level ignoring all support levels. We can also see a divergence between the momentum and the price so we can expect a pullback from the price towards $1249.5 support level. The next level we will be focusing on is the 1238.46 support level.