Gold broke earlier lows and is down $5 on the day to $1288 as the FOMC minutes showed a bias toward hiking rates sooner.
The initial move has faded somewhat with the market beginning to guard against a continued dovish bias from Yellen on Friday. The best bet for gold bulls might be a bounce on oversold conditions after 4 days of declines because there isn’t much technical support on the chart until $1280.
gold daily
