Gold trade at 1251.10 (-15.30) (-1.25%) at the time of writing, according to me strong weak below 1251 and we expect may find support at 1127, if price trade below 1127 then price can more decline and may find next support at 1062 and 983.
Given the fact that Gold production first cost is 1,2k ( statistic data for 2016 )... I don't see it under 1,2k nor technically nor fundamentaly.
Cheers.
saurabh
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hmmm technically may touch that level's which share in chart :)
Cheers.