Gold Trading Hits Shanghai Record on Trump Victory But 'Price Fails at 2011 Downtrend'
By GCRU Gold News on Wednesday, November 9 2016, 21:19 - Permalink
Despite the overnight spike in prices, "Gold failed at an important technical level," says a note for Thomson Reuters Eikon users from specialist analyst Rhona O'Connell at GFMS, "stopping at the downtrend line that dates back to the record highs of 2011."