Gold is getting less glittery!
Price underwent a sharp sell-off from 58500 to 56500 recently. After bouncing from the lows price fizzled out at 57300 and had been consolidating thereafter. However, the price has now given a trendline breakdown. The breakdown is supported by the rise in volume which suggests that the support has been breached with conviction.
Price underwent a sharp sell-off from 58500 to 56500 recently. After bouncing from the lows price fizzled out at 57300 and had been consolidating thereafter. However, the price has now given a trendline breakdown. The breakdown is supported by the rise in volume which suggests that the support has been breached with conviction.
