A tweet from U.S. President Trump shook the market, sending gold price to a record high since 2012, topped at 1774 quoting from Trump’s tweet “The China Trade Deal is fully intact.”, during Asian night session. Along with the hands of a lower-than-expected Flash manufacturing PMI figure, benefiting long investors.

Amid the overbought situation, the precious bullion managed to remain its bullish trend since last week’s close. Even shooting through the vital resistance level, testing for next at 1785 or even the 1800 roof which some participants eye on. This product having little to some relationship to the dollar index, which seen a dip from week high at 97.1 to almost breaking the ground of 96. Overall trend for the metal looks mixed between the 1750 to 1780 range, before any major events or figures. This would to some extent, depend on how quickly the U.S. economy picks up.

Daily Pivot Point 1770.06

S1 – 1752.87 R1 – 1776.57

S2 – 1738.37 R2 – 1785.76

S3 – 1714.67 R3 – 1809.46

Short-mid-term suggestion to short the market at 1780.5 to seek small profit, with stop loss at 1785 and take profit at 1761.