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Wed, 28th June 2017

Anirudh Sethi Report

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Archives of “Gold / Silver” Category

Gold Tumbles to $1242

A busy morning for Gold so far 26 June

Early tumble from $1255 to $1238 saw a small rally above $1245 but we’re turning lower again at $1241.

Causes of the  original fall seem to be a combination of large sell order, USD demand and risk-on sentiment that also saw yen pairs rally.

Demand into $1220 and $1200 should stem further losses for the moment.