A weaker dollar and upbeat 2020 expectations powered the yellow metal to September highs on Tuesday. Traders are anticipating stronger economies on the back of a trade deal as expectations of a Jan 15 deal increase.
Despite political risks deteriorating, keep in mind that global easing fears could easly add up on the latest demand.
XAU/USD Bulls Take a Breather From $1515 High
Gold hit a two-month high in the last trading session of the decade, closing on a technical advantage above the 1515 support. The next level for bulls is near the 1550 round resistance. However, a short-term take-profit could be seen pulling prices back towards 1509. A break above 1525 would suggest otherwise, however.
