For the third successive meeting on Friday, the precious metal stayed under some big selling pressure and failed to task the one-month-old-trend- line support.
Additionally, the oscillators on the daily graph just began to gain negative strength and support the continuing 10-month slide which was set on Feb 20, could be extended.
In the meantime, hourly graphs indicators have begun to drift to excess sales and have proven to be the only factor helping to limit broader losses at least for now.
Traders are nevertheless probable to wait for a credible breakthrough that support before pacing the main $1300 psychological mark for any further fall.
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