GOLD
Gold price has fallen to its lowest level since late July, while greenback continues to recover with the Dollar Index reaching 94.5. Technically, an important point has now been reached with the break-down dragging the price down to the low point of August. This represents a bearish signal, as the price plummeted to $1,850, well below the support zone of $1,860, while the general market volatility rebounded.
Carlo Alberto De Casa – Chief analyst, ActivTrades
Disclaimer: opinions are personal to the authors and do not reflect the opinions of LeapRate. This is not a trading advice.
