Down over -1.00%. Tests recent lows
Spot gold has continued to run lower with the precious metal trading at the lowest level since Feb 8, 2016. The fall took the price below the low from October 25th at 1171.06. The low today reached 1170.25 so far. The move lower today is the 2nd time the price has peaked below the 61.8% of the move up from the December 2015 low at 1046.43. That level comes in at 1172.11. If Gold is going to go lower, that level needs to be broken.