Gold technical analysis: The yellow metal is now testing the $1458.23 support zone
|- There has been some outflows away from safe-haven assets today gold is 0.62% lower.
- The precious metal is testing the USD 1458.23 support level at the moment.
Gold Daily Chart
Gold has had a very hard time over the last four sessions losing around 3.4% of its value.
The chart is now showing that the key support zone of USD 1458.23 per ounce might get broken to the downside.
There has been a pattern of lower highs but the support zone has always been intact.
Now if there is a break it could confirm the technically bearish tone.
On the weekly charts, the next prominent support level is USD 1375.12 per ounce.
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Additional Levels
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