Gold bulls sensing victory in $1,172/oz battle
By GCRU Gold News on Wednesday, December 7 2016, 00:09 - Permalink
In gold, the $1,172/oz level remains the pivotal price at which the bears and bulls have pitched the tents and are ready to slog it out. This level represents the 61.8% retracement of the December-July rally and a move lower is likely to signal a prolonged period of price weakness.