ESTABLISHED SUPPORT! CONFIRMATION FOR BUY ORDERS
PRICE ACTION HAS BEEN ESTABLISHED A NEW SUPPORT ZONE FOR THE LAST TWO DAYS AND THE BUYERS SEEM TO BE TAKING CONTROL OF THE ASSET.
Gold remains defensive at the low end of the recent range. Mixed economic data failed to generate any directional impetus, leaving the yellow metal to drift below its daily support. A firmer dollar may be weighing on gold somewhat as well.