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Gold Closes Below 1,060 To Push Outlook Down

Discussion in 'Technical Analysis' started by Kaitlin, Dec 15, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The bearish scenario was fully implemented on Monday, as gold prices came under a substantial pressure created by short traders. After crossing both weekly S1 and lower Bollinger band around 1,062 the bullion settled at 1,060 by day-end. A recovery is not being ruled out on Tuesday, but the overall[​IMG]

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