Gold hit stops below Thursday’s low of $1226.
For all the drama in virtually every market in the past three weeks, gold has been a bit dull. That said, I have liked the downside for awhile and I continue to like it. Gold hasn’t been able to muster much of a rally on safe-haven demand during the mega-blip in risk trades and now some momentum is building to the downside.
The Oct low of $1222 is the next level of support followed by $1206.
gold hourly chart
