Technical Analysis – Gold turns bullish after breach of key 1300 level; consolidates in near term
GOLD is starting to see immediate pressure to the downside after struggling to hold gains above the key 1320 level. The commodity weakened following the peak just below 1326 and then turned lower to stabilize around 1316. Looking at the 4-hour chart, the immediate focus is near the 1306 level, which has provided support recently. […]