Gold prices have moved higher together with equity markets. This suggests that traders remain concerned about economic developments. Positive comments out of the US and China regarding the phase-one trade deal confirm that it was rushed through as a political tool. A growing number of economists agree that the deal has limited positive impacts on the global economy. Will the advance in Gold carry into the new year? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

The Japanese All Industry Activity Index slumped and confirmed that global economic problems persist. Traders will now wait for Canadian GDP data, followed by US durable goods data. The Chicago Fed National Activity Index and New Home Sales are also eagerly anticipated. What impact will it have on price action? Will it allow bulls to keep pushing ahead or can it awaken bears? Today’s fundamental analysis will take a look at price action in both directions.