HotForex

Another Down Day For Mouldy Gold

Short
FX:XAUUSD   Gold Spot / U.S. Dollar

Yesterdays $1242 support breached fro XAUUSD as we dropped to the key $1235 level earlier and the Daily Trend Line support from the November 14 low sub $1200.00 . USD continues to catch a bid as U.S. Retail sales beat estimates via upward revisions, with the largely expected lean November retail sales gains of 0.2% for both the headline and ex-auto measure, but after big upward October revisions that more than offset a modest trimming in the September data.

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