Gold falls to session lows right now

Earlier this morning an update on Gold looked at whether, or not the metal might hold its ground above the noted 100 day moving averages, in place then at $2,618.05. Well, since then it did not and fell back to just below $2,610 per ounce. A rebound off that low saw it push back to around $2,617.50 and now it has fallen to set a fresh low a moment ago, at $2,609.28. As you can see the prior interim rebound failed to climb back above the 100 day moving average. So, it is clear that level is now providing resistance and the failure up there has resulted in this new session low. The next price point on the radar much surely now be at $2,600. Gold is currently trading at $2,609.95