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Gold Drops Below 1181.85, But Fails To Stabilize Below It

Published 12/30/2014, 04:36 AM
Updated 07/09/2023, 06:31 AM
GC
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Gold Daily Chart

Themetaldropped yesterday touching below 1181.85, but failed to stabilize below it. Trading volumes became low, due to end-of-the-year holidays, introducing volatile and unclear trading. Stabilizing below 1200.00 and below Linear Regression Indicators, in addition to trading below the resistance of the downside move is negative, but since the price failed to stabilize below 1181.85, we prefer to remain neutral intraday today, waiting for new confirmation signals.

Gold Support & Resistance Chart

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