Falls to trend line support on the hourly
Not seeing any news, but the price of gold has hit an air pocket and the price has moved down to test a trend line.
Now hearing rumblings that the Bank of International Settlements has been given authorization to sell gold. That is unconfirmed however. (Update: It’s almost surely a fake rumor).
The price is down testing a trend line at the $1655 area. The price is stil up about $14.50-$15 or 0.89% but off the session highs at $1689.31.
PS the high today was the highest since January 22, 2013.