XAU/USD – Stops triggered, $1166 lvl in focus by Milan Cutkovic

  • Stops below the $1198 support level have been cleared
  • The pair hit a low of $1188 earlier and one bank notes that liquidity is rather thin
  • Short-term, Gold has been in a steep downtrend since briefly trading above $1300 in late January
  • The break of $1198 suggests further losses are ahead
  • Next support eyed at $1166 and then not much until the important $1140-50 area


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