Daily Market Updates: Gold: Downside bias holds with limited follow-through

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Gold: Downside bias holds with limited follow-through – UOB

Reported · Written up by our desk · Major Pairs

United Overseas Bank’s (UOB) Quek Ser Leang notes that spot gold remains under pressure after breaking an ascending trendline on 22 October and falling below $3,943 to a one-year low near $3,870 on 30 October.

Latest closeGold $3,884.90 ▼3.6%

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FXStreetGold: Downside bias holds with limited follow-through – UOB

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Gold: Downside bias holds with limited follow-through – UOB

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