_sm.png/jcr:content/renditions/original-size.webp "Gold price chart")
_Lg.png/jcr:content/renditions/original-size.webp "Spot-Gold--130617-(DFB)_Lg")
_sm.png/jcr:content/renditions/original-size.webp "Brent price chart")
_Lg.png/jcr:content/renditions/original-size.webp "Brent price chart")
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Gold falling into crucial support level
Gold continues to tumble, after peaking around $1300 last week. While up until now things have looked like a potential retracement, a break below $1259 would signify a bearish shift for this market.
As such, the ability or inability to break below $1259 will shape the outlook for the rest of the week.
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