Trump Pushes on China again and conservatives are leading the polls

After optimism dominated global markets as the United States and China neared a tentative initial agreement soon, fears reignited after the Trump administration passed laws to support Hong Kong protesters yesterday. He pressed her in the trade negotiations to agree to the terms on intellectual property rights to respond and attack the Trump administration and prevent it from interfering in China's internal affairs.
As a result of these tensions, gold rose back to the levels of $ 1456 an ounce to test the bearish trend line, but it should be borne in mind that the continuation of the bullish scenario needs to cross the trend line to head towards the level of 1643. If the price rebounds from the current levels, it may return again To test support $ 1452 an ounce.
Perhaps gold managed to breathe a sigh of relief in light of the weakness that dominated the US dollar after the mixed data yesterday evening. Despite the improvement in the pace of personal consumer spending growth, "a measure of inflation", GDP, durable goods orders .. However, the continued contraction of composite purchasing managers pressured the greenback, especially with the dollar index rebound from the resistance at 98.25.
However, be cautious about the calmness of the markets in the United States with the holiday of local banks due to Thanksgiving celebrations, which may affect the volume of liquidity throughout the day.
Of course, while US oil production has stabilized near its historic highs, which is putting pressure on world prices with the return of oil supply concerns on the one hand, and on the other hand fears of slowing global demand throughout 2020 if the US and China do not reach a preliminary documented agreement before the end of The year caused oil to drop strongly from resistance at $ 58.65 a barrel to head towards 57.20 and then return to 56.60 levels.
Sterling has risen strongly since the beginning of trading on Thursday after the agency YouGov, which is the largest agency polls to lead the Conservative Party in the parliamentary elections scheduled for December 12 by a margin of 67 votes, which will support the rise of sterling strongly in the coming period, especially as the victory of this party will broadcast Optimism and divergence of trends between the government and parliament will be easy and the Brexit agreement will be easily passed out at the end of January 2020. Thus, as long as the Conservative Party leads the polls, the cable is expected to continue rising to 1.2970 levels and then to 1.30.
Apple reached new highs at 267.80 to support the continuation of the buying outlook as well as JP Morgan, which hit new intraday levels of 132.15.
As for the major indices, they may give up some of their recent gains, as the Dow began to retreat from resistance at 28190. It may return to test 27900 before resuming its uptrend. The German DAX may also drop to 13190 before the end of the week.