Gold is down over 2% today and is currently testing crucial support level.
Gold is down over 2% and approached key support area at $1,900 per ounce. Precious metals prices tend to fall due to stronger U.S. dollar which might be associated with fears on global stock markets. As far as technical analysis in concerned, on might notice a triangle pattern and a potential breakout. Silver prices as down as much as 7.20% at press time.
Gold is trying to make a breakout of a triangle pattern. Potential sell-off might reach $1,800. Source: xStation5
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