Home / Forex Treiding / Gold back down at $1500. Down nearly 2% on the day.

Gold back down at $1500. Down nearly 2% on the day.


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The price of gold is back down testing earlier session lows

Gold is back down retesting the $1500 level. The low for the day has reached $1500.53. The recent low on the current board just traded down to $1500.80.  The current prices back up to $1502.40, down $29.35 or -1.92% on the day.
The move lower today has taken the price back below its 200 hour moving average at the $1508.43 level.  Stay below that level will keep the bears firmly in control.

meanwhile, the EURUSD is trading at new session lows. The GBPUSD and USDCHF are also at or near extremes for the day.   
The USDJPY is just moving back above its 200 hour MA at 108.839. 
US stocks are making new highs with the NASDAQ index up nearly 1% leading the way. 
Bond yields are also continuing their move higher with the 10 year yield up 8.46 basis points at 1.730%.
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