- Stops below the $1198 support level have been cleared
- The pair hit a low of $1188 earlier and one bank notes that liquidity is rather thin
- Short-term, Gold has been in a steep downtrend since briefly trading above $1300 in late January
- The break of $1198 suggests further losses are ahead
- Next support eyed at $1166 and then not much until the important $1140-50 area
The post XAU/USD – Stops triggered, $1166 lvl in focus appeared first on www.forextell.com.