Gold Lower as European Session Begins

Gold Lower as European Session Begins

Seeing Gold extend it’s sell off as the European session starts with no real catalyst other than an overstretched long market. Having found support around 2010/15 so far this week the bounce capped in Asia at 2030 today and has since fallen back through the recent lows to key support at 1990. Resistance should sit back at 2020/25 now. A firm break below 1980 could see further declines.

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