11 Sep 2014
Gold breaks below $1,240
FXStreet (Córdoba) - Spot gold continued to slide and fell to the lowest in 8 months below $1,240/oz. The yellow metal broker earlier below $1,240, dropped to $1,238 but then bounced to the upside $10, only to resume the decline afterwards.
Recently bottomed at $1,235/oz, a level not seen since January 23. The price of the gold is falling for the fourth day in a row.
XAU/USD breaks important support
A consolidation below the $1,240 zone could be a significant event from a technical perspective: the mentioned area capped the downside during May and June.
Recently bottomed at $1,235/oz, a level not seen since January 23. The price of the gold is falling for the fourth day in a row.
XAU/USD breaks important support
A consolidation below the $1,240 zone could be a significant event from a technical perspective: the mentioned area capped the downside during May and June.