Trades down -$13.42 on the day
The price of gold is down about 1% on the day. The move lower is looking to fall below a lower "neckline" trend line at $1328.04. The precious metal traded at $1327 currently.
Key area. If there is more momentum, the breaking of the neckline could attract more technical selling. Be aware.
Gold is going down even though the dollar is now more negative on the day (after being stronger earlier).
