Gold is below $1250 for the first time since Feb 4. The lesson in gold trading this week is to go with the breakout and hang on. After the big drop on Tuesday many though we would have a bounce but it’s been a one-way trade lower.
Gold daily
At the moment, funds don’t want to show a bad gold trade on the month-end balance sheet but we could see a bit of a rebound Monday.
Last at $1245.
