Gold down $6 to $1119
Gold prices are lower for the fourth consecutive day but a dip after GDP found buyers in the first sign of a base.
The technicals provide a few reasons for mild optimism here and the overall change in market sentiment could be good for gold once the waves of US dollar buying slow.
To the downside, support resides at the the 21-day moving average at $1115 followed by the 61.8% retracement at $1111.
But the key test will be whether gold can hold yesterday's low of $1117.
