Gold players keep faith despite trade truce-induced correction as gold trades 10% below record

Gold prices have fallen almost 10% from a record high just above $3,500 per ounce in April as a de-escalation in U.S.-China trade tensions punctured momentum, but analysts are sticking with a bullish outlook due to strong underlying support for the metal.

The Gold-Dollar pair plummeted 1.1% in the last session. The RSI is giving a positive signal.
Support: 3055.9 | Resistance: 3349.5