Gold technical analysis: 4-HR stochastics are turning positive

• A lack of progress between Xi and Trump following the meeting should support gold.
• 4-hour stochastics are turning positive, upside favoured.

From a technical perspective, 4-HR stochastics are turning positive although there remains a mixed outlook on the charts with daily readings in oversold territory still. The price remains on the verge of a 50% retracement of the 20th June spike and a break there, below 1398, opens inroads to 1357.