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Gold Technical Analysis

Continued hesitation around $1237.7-1240.6 sees gold struggling to take out the

Consolidation below the $60.00 level continues to start the new week with

The sell-off that dominated last week gained momentum with

Continued hesitation around the $1237.7-1240.6 region sees gold struggling to

Bears take additional comfort in the break below the psychological $60.00 level

The move lower continued for the index Thursday with

After finding support around the 21-DMA gold rallied to fresh 2 month highs

Flirtation with the falling daily channel base continues with

The close below the 21-DMA Tuesday has now been followed up with

After finding support around the 21-DMA gold rallied to fresh 2 month highs before

The falling daily channel base at $60.91 remains the initial focus for bears with

Bears take comfort in the dramatic sell-off following the pause ahead of