- Gold prices have fallen to their lowest levels in eight months and February 2021 marks the metal’s worst single-month performance since November 2016.
- As these events have occurred, key support levels have broken and this brings further technical confirmation for traders that are making the case on the bearish side of the market.
- Bond markets will likely work as the most important indicator of market security, and rising pressures in bond yields suggest continued declines for bullish gold investors.
For further details see:
Bulls Beware: Gold Is Breaking Down