The yellow metal is trading in the red and will hit fresh new lows if the USDX will jump much higher. Gold edged lower and invalidated the breakout above the WL1 (descending dotted line) and above the uptrend line. Price reached the 23.6% retracement level, where has found temporary support, a valid breakdown below this obstacle will confirm a further drop towards the 38.2% retracement level.
