Trade war between USA and China still continues!

China does not give up so she included additional tariffs of 25% on U.S goods (with worth of $16 billion). On 23rd August 2018, we can see actions from both sides. USA will collect additional 25% tariffs and China will add new tariffs.

We also notice that trade war between China and USA affected on gold and the use of other metals. Gold gained four dollars on a upward movement (on US session) and it was trading under the 1,210 psychological threshold (on European session). Upswing of gold could also continue today because traders may use it as a hedge instrument. If we see bullish movement it will cause to see it move higher aiming for the 1216.37 resistance level and remain close that price. Favoring of gold short positions, can bring the metal moving lower breaking the 1210.27 support level and make aim for the 1207.33 support barrier. Gold could remain between the 1216.37 resistance line and the 1210.27 support level.