Gold bulls pin their hopes on key trendline
Almost inevitably, gold has, for now, bounced off the rising trendline that has held since the end of 2015.
However, the price has been under heavy selling pressure for months, with no sign of a turnaround. The Friday high at $1255 is the first short-term target. Just below the December 2015 trendline is $1237 support, and then below this $1205 comes into view.