Gold remains firmly in red on Monday and hit 2 ½ month low on Monday, in extension of Friday’s 3.2% drop (the biggest daily loss since March 19). Upbeat US May jobs data added to growing Fed rate hike expectations while fresh escalation in the Middle East fuels inflation. Friday’s break of 200DMA (which recently […]The post GOLD May Take a Breather Above Bear-Channel Support Line to Position for Fresh Push Lower appeared first on ActionForex.