...And gold tumbles into the stock close

Technical Analysis

Author: Greg Michalowski | gold

Breaks below intraday support at $1641.53 and runs

The price of gold broke below the $1641.53 intraday high and raced down to a new day low at $1625.22 (See post outlining the level here). .  

Breaks below intraday support at $1641.53 and runs
Looking at the daily chart, the price has moved down to test the underside of the broken trend line at $1625 area.  

Gold

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