• Will Gold Resume Its Downtrend?

    Will Gold Resume Its Downtrend?

    Gold has been on a major downtrend since it broke down from its support at $1,550.00. Soon after the precious metal saw its price slip to a low of around $1,200.00. Recently, though, the XAUUSD pair made a comeback as it rallied back towards $1,350.00. But given its technical set-up, its likely that gold may