Gold break of uptrend support leaves it vulnerable
Gold is trading lower at $2660 (-3.04%) as the Republican election victory bolstered the USD and US yields and sparked a sharp sell-off in metals.
The sell-off accelerated after gold broke below trend line support at 2690ish, leaving the yellow metal vulnerable to a deeper decline towards $2600 in the sessions ahead.
The sell-off accelerated after gold broke below trend line support at 2690ish, leaving the yellow metal vulnerable to a deeper decline towards $2600 in the sessions ahead.
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