{video} Gold encountered resistance at a high of 2,048 yesterday, leading to a minor retracement today, as it dips below yesterday’s low of 2,024. Also, it is on track to close below that price level as it tests support around the 20-Day MA (purple), which is currently at 2,016. Trading continues near the low of the day at the time of this writing, but 2,016 is the level so far. A little lower is potential support around the prior swing high at 2,009. That is also a 50% retracement of the three-day advance. Subsequently, that price area was recognized as support during the minor swing low on December 5. {chart} On a ... (full story)