GOLD: US-China Lull To Drive Gold Down?


*Can Gold correct further back into US$1,380-1,400?
*Temporary respite in negative US-China trade headlines suggests yes
*As does the Oct./Nov. rally in US 10y yields 



We briefly explore the possibility of meaningful price action back into US$1,400 should US-China trade continue to offer temporary respite and US 10y yields tick higher. Gold has edged lower since August highs. How it closes around $1,450 support could determine whether price action meaningfully breaks lower back into the 200d-ma.



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