Gold slides to $4,110 support as resistance caps recovery attempts
Gold dropped to $4,110 after failing to stay above $4,250. A bearish trend line and moving averages cap recovery. Key resistance at $4,260; support at $4,080.
Gold Market
Gold dropped to $4,110 after failing to stay above $4,250. A bearish trend line and moving averages cap recovery. Key resistance at $4,260; support at $4,080.
Gold ticked higher on Monday but remains in a bearish configuration. A trendline at $4211 caps upside and the larger downtrend stays intact.
Gold reversed from the $4,700 area and corrected to $4,280 before bouncing. A bearish trend line at $4,480 now caps the recovery attempt.
Gold price stalled near $4,700 after a strong rally from $4,300. Sellers have appeared, with immediate support at $4,465 and a possible test of $4,510.