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.
More from Forex Live
US major indices close higher for the day. S&P snaps four week losing streak | Forexlive
Source Node: 2313454
Time Stamp: Oct 6, 2023
Canada February PPI +0.7% m/m vs +0.1% expected | Forexlive
Source Node: 2518332
Time Stamp: Mar 18, 2024
Baidu ordered artificial intelligence chips from Huawei this year, alternative to Nvidia | Forexlive
Source Node: 2371700
Time Stamp: Nov 7, 2023
Gold continues to stay pressured near $1,900 | Forexlive
Source Node: 2156470
Time Stamp: Jul 3, 2023
JP Morgan are now forecasting sooner rate cuts from the ECB (starting in June), and deeper | Forexlive
Source Node: 2449474
Time Stamp: Jan 19, 2024
A technical look at the USDCAD heading into the week starting October 9, 2023 | Forexlive
Source Node: 2314921
Time Stamp: Oct 6, 2023
No sign of Gaza ground war. Emergency aid truck convoy enters Gaza. | Forexlive
Source Node: 2340517
Time Stamp: Oct 21, 2023
Baker Hughes week US oil rig count unchanged | Forexlive
Source Node: 2209993
Time Stamp: Aug 11, 2023
What are the technical saying for the major currency pairs going into the new trading week | Forexlive
Source Node: 2523283
Time Stamp: Mar 22, 2024