Gold backs off further from the mid-March high as the worries mount

Gold down $15 to $1729 today

Gold down $15 to $1729 today

Gold challenged the mid-March high on Thursday/Friday but was rejected. I characterized the level as pivotal and with today’s continued decline, the outlooks continues to worsen.

Gold is down $15 to $1729 today and has cut through the lows from the latter half of next week. Last Monday’s low of $1721 is the last decent support level protecting a quick return to the March lows and potentially beyond.

Invest in yourself. See our forex education hub. Source:!/gold-backs-off-further-from-the-mid-march-high-20210412

Time Stamp:

No loop type.No loop type.