akyong

GOLD: Price continues to slide further

FX:XAUUSD   Gold Spot / U.S. Dollar
337 0 5
Gold             continued to slide further after our weekend analysis. It has now formed a divergence and would potentially see some upward pressure coming in. Key zone to watch would be the 1170/75 region.

A break above could potentially see price hitting 1188/91 structure level. However, should the 1170/75 region holds, gold             would resume it's downtrend trading lower.

I would love to hear your opinion, feel free to comment, agree or disagree.

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