Gold: Sliding below $1,600
- by George Solotarov
Gold has been hit lower at the dying hours of the first quarter, sliding below $1,600 amid end-of-quarter flows. Is it ready to resume its rises? The precious metal may benefit from robust support according to the technicals.
The upside target is $1,607. The Technical Confluences Indicator is showing that XAU/USD has support at around $1,585.