The price of gold continues to bounce back from a fresh monthly low ($1783) as it snaps the series of lower highs and lows from the start of the week, but the failed attempt to clear the July high ($1834) undermines the recent recovery in bullion as it slips back below the 200-Day SMA ($1809). The broader outlook for the price of gold remains tilted to the downside as the 200-Day SMA ($1809) continues to reflect a negative slope, and the precious metal may face headwinds ahead of the next Federal Reserve interest rate decision on September 22 as the central bank prepares to scale back monetary support. Recent remarks ... (full story)