Gold price bears flirt with 200-period EMA pivotal support on H4 amid US-China trade optimism

  • Gold price (XAU/USD) struggles to capitalize on the previous day's modest uptick and attracts fresh sellers during the Asian session on Wednesday. The latest optimism over the de-escalation of a potentially damaging trade war between the US and China – the world's two largest economies – remains supportive of a generally positive tone around the equity markets.