Gold

"It is encouraging that nearly all activity indicators out of the ANZ Business Outlook survey rebounded this month, with only investment intentions deteriorating further," said ANZ Bank New Zealand chief economist Sharon Zollner. "If the indicators continue to rebound, it will increase the odds that while the economy may have hit a pothole, the wheels are not falling off."
0.8978

Seasonal factors tend to impact in December, this had been much more than the norm. Consequently, risks are tilting to the downside with eyes on the 0.6700 handle.
0.89781

NZD: Fading sentiment continues to hamper the Kiwi, which looks set for a 4th consecutive session of losses. Overnight, house price data had been somewhat softer with sales volume for December at the lowest since in 7yrs. However, while seasonal factors tend to impact in December, this had been much more than the norm. Consequently, risks are tilting to the downside with eyes on the 0.6700 handle.

Crude oil: Brent is down over 1.5% amid the latest OPEC monthly report, which showed OPEC crude production dropping some 750kbpd to 31.58mbpd. Although, OPEC noted that they see 2019 demand for its oil averaging 30.83mbpd, implying that demand is still 750k barrels short of OPEC supply. Consequently, further action is likely to be needed in order to balance the market.

NZ Dollar gains as business confidence lifts after gloomy winter

Trading gold is much like trading forex if you use a spread-betting platform
A gold trading strategy can include a mix of fundamental, sentimental, or technical analysis
Advanced gold traders recognize that the yellow metal is priced in US Dollars and will account for its

Once upon a time, trading gold was difficult: you had to buy and sell the metal itself. Then came futures and options, allowing traders to take positions without actually ending up with a safe full of bars, coins or jewelry. Gold exchange-traded funds (ETFs) made it easier still; trading gold was much like trading a stock.

Today, trading gold is almost no different from trading foreign exchange.

If a retail investor uses a spread-betting platform it is simply a matter of buying or selling depending on whether you think that the gold price is likely to rise or fall.

Gold has traditionally been seen as a store of value, precisely because it is not subject to the whims of governments and central banks as currencies are. Gold prices are not influenced directly by either fiscal policy or monetary policy and will always be worth something – unlike a currency that can end up being almost worthless because, for example, of rampant inflation.

Gold can also be used by traders as a “safe haven”, along with assets like the Japanese Yen, the Swiss Franc and the notes and bonds issued by the US Treasury. That means that when traders are worried about risk trends they will tend to buy haven assets. On the flip side, traders tend to generally sell haven assets when risk appetite grows, opting instead for stocks and other currencies with a higher interest rate. This makes gold an important hedge against inflation and a valuable asset.

GOLD Today Analysis

PIVOT POINT 1291.79

Support 1 1288.36

Support 2 1285.05

Support 3 1281.62

Resistance 1 1295.10

Resistance 2 1295.53

Resistance 3 1301.84

Gold is @ Support 2 Buy from here and also place a buy Pending Order @ Support 3 TAKE PROFIT would be @ Support 2 and Support 1.