Gold in another melt-down moment

Ok ok, not an orginal headline but it’s almost the end of my 8 hour shift!

Anyhow the currently not- so-shiny stuff has just posted new session lows of USD 1234 having fallen all morning from the 1255 pivot area.

Taper fears rear their ugly head again but that doesn’t justify such a drop, so to me it shows just how fickle and thin these markets are right now.

I said in a previous post on the rally above 1260 that it was coin-flip and so it’s proved.

Next support coming in around 1225 and then the much stronger lines around 1210.

Trade the range until broken.

Gold HI Dec 12

Gold HI Dec 12

Best in 2026

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