He said “In our opinion, how ETF investors behave will largely determine the path that gold takes this time.
Fritsch added “On the other hand, the price should stabilize and begin climbing again in just a few weeks.
On a more technical note, “there was follow-up selling by short-term-oriented market participants after the price dipped below key technical thresholds such as the 200- and 100-day moving averages, as well as the psychologically important $1,800 mark.