Gold Carves Fresh Year-to-Date Lows Below 1280

From dailypriceaction.com

Gold just dropped below a level that has held as support all year. The 1280 level is one that I’ve mentioned several times in 2019 including the February 28th commentary and again on March the 27th. Both times the 1280 area was our target. However, this time around 1280 is likely going to serve as new resistance. I wrote about the likelihood of a break lower this past Sunday when gold was still trading at 1290. Here’s what I wrote: We’ll have to keep an eye on how things develop here, but right now all eyes are on 1280 and whether or not buyers can step in once more this week. Given the lower highs since ... (full story)