Off around $45 from the levels seen before yesterday’s FOMC minutes release, which hinted at a possible earlier end to the US QE programme, with the metal just edging down through December lows of $1635.80, (day’s low 1635.60 -EBS), but now finding some support around the 100 week MA around $1636.10.
Next technical support lies down at $1620 and $1610
NB: close below the 100 wk MA would be a bearish signal, with the average not breached since Dec 2008
