Gold’s fourth failure to hold above 200-DMA in two weeks, despite US-Syria tensions coupled with the fact that Friday’s daily close was below 200-DMA suggests the prices could be heading lower to support at $1239.
On a larger scheme of things, the outlook would turn bearish only after a daily close below $1239.
On a larger scheme of things, the outlook would turn bearish only after a daily close below $1239.
