Gold Technical Analysis: Flirting with head and shoulders Neckline support near $1480 Region

Gold extended its steady intraday decline through the mid-European session and dropped to fresh monthly lows, around the $1480 region in the last hour. The downtick dragged the commodity back below the 23.6% Fibonacci level of the $1266-$1557 move up and closer to important horizontal support near the $1480 region.

Read moreGold Technical Analysis: Flirting with head and shoulders Neckline support near $1480 Region

Gold Price Outlook: Gold Breaks to Fresh 2019 Low – More in Store?

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GOLD PRICE OUTLOOK TALKING POINTS:

Gold prices have set a fresh 2019 low this morning, and this comes even as the US Dollar struggles around the 97.00 level. Support is hanging, albeit by a thread, from the 38.2% retracement of the August-February bullish move, around the level of 1275.55.

Read moreGold Price Outlook: Gold Breaks to Fresh 2019 Low – More in Store?