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Gold stumbles toward critical support, what's next

Discussion in 'Technical Analysis' started by ForexLive, Mar 14, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Gold down $12 to $1238 Rising speculation about hawkish signals from the Fed are undermining gold prices and threatening a double bottom at $1237. Gold is at the lows of the day on selling that got underway as New York trading began. A broad US dollar bid is weighing on the precious metal. It's an abrupt reversal from the one-year high touched on Friday.

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