XAUUSD, DailyGold on the daily chart continues to fall to lower lows, breaking support along the way. Now, price is on new support as it nears the low 1700s. It would seem likely that big institutions are buying up this metal at every chance of lower price. This downtrend could be just noise giving investors the opportunity to keep buying at lower prices, however, it's a matter of when price may bounce back from its low and reverse the trend.
- Frank
