Gold stands on the slippery ground after reversing from one-month-old triangle. Bearish MACD, a pullback from triangle resistance favor sellers. Bulls can attack the $2,000 threshold on the triangle’s upside break. Gold prices lose 1.0% while declining to $1,939.70, intraday low of $1,97.80, during the pre-European session on Thursday. The yellow metal’s declines marks its U-turn from the upper line of a short-term symmetrical triangle formation established since August 12. With the consolidation in gold prices joining bearish MACD, sellers cheer a downside break of 1-day EMA, which in turn directs the quote towards ... (full story)