Gold’s rally falters again
Gold’s uptrend continues to deteriorate here, although the $1326 level is still holding, which gives bulls grounds for some optimism.
Below this, the $1315 area could be support. Rallies over the past two weeks have been sold, with a series of higher lows since 24 January. As a result, the price needs to push above yesterday’s high at $1346, to suggest a turnaround is in progress.