The technical picture for Gold remains very problematic as the | FxPro

The technical picture for Gold remains very problematic as the price fell below the 50 and 200-day averages. But the price didn't sustain the intraday rally above those lines and the intermediate round level of $1850. These dynamics make us consider the support at $1825 as a possible last line of defence, a failure under which could sharply enhance the price decline.

Gold sets a typical fairway for silver and platinum, so a sharp fall could boost selling for all three precious metals. The opposite is also true: increased demand for silver and platinum can support gold buying.