The Gold Futurescontract lost 0.11% on Friday, as the market slightly extended its short-term downward correction following Wednesday's advance to a new long-term high of $1,829.80. The recent economic data releases have been better than expected and financial markets went risk-on late last week. Gold broke above medium-term local highs in June, as we can see on the daily chart:
Gold Continuous Contract Daily Chart (Image not shown due to low ratings)
Images were hidden due to low ratings.