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Gold edging lower again- more updates early tomorrow morning
Owing to technical reasons, after this there will be no more updates from this analyst until early tomorrow morning. In the meantime, we should note that gold is falling back again just now. Earlier it held the noted previous interim low seen last week, around $3,260. That led to a rebound from an Asian session low $3,268.23, to just above $3,300. Well, since then it has fallen back and it is now tracking back towards that earlier Asian low. The risks of month-end profit-taking impacting the downside seem live just now, but at the same time, not certain. Gold is currently trading at $3,278.45
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