TVC:GOLD Gold prices reversed from two-week lows, catching up with a four-day downtrend, as China and central bank stimulus news boosted sentiment and GOLD prices. In doing so, GOLD traders portray the market's cautious optimism ahead of this week's top data/events.
That said, headlines boosting hopes of China's stimulus measures and banking intervention from Beijing seem to underpin optimism in the Asia-Pacific region. However, mixed concerns about the previously released PMIs and central bank actions seem to spur the bulls of GOLD.
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The entry point is almost here, everyone pay attention