If gold can hold this critical level, then a "triple bottom" will be formed on the daily charts, though a breach will suggest that further selling is to follow.
The pace of the decline from the peak at 1695 is very concerning for the bulls, as the entire rally from 1635 has been retraced in just 36 hours.
For our subscribers at www.goldtradingexperts.com, today's video looks at our strategy for our next trade and our expectations for the following trading sessions.