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Gold slips back so far today
Yesterday the noted push above $2,350 in Gold was covered in an update here. That drive later extended to just above $2,358. As also noted here at the time, this move was still deemed to be corrective to the more than $100 fall seen last week and not necessarily dynamic. Well, so far today that seems to be the correct observation, because Gold has fallen back today. The metal has dropped from an earlier session high at 2,356.40, to a low at 2,341.94, set a moment ago. Gold had set a technical US close at $2,350.97. It is currently trading at $2,342.85
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Gold edges lower towards a test of trend line support at $2,637
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EUR/USD pushing closer to 1.06 this afternoon
The noted break above the 1.0550 level in the EUR/USD this afternoon has now delivered further upside. At the same time the GBP/USD has done as...
