Gold Sell-Off

Today's session caught Gold bears unprepared for the quick sell-off that occurred in the early trading hours. The yellow metal lost more than 1% of its price going from $1,096.78 to $1,082.46/oz.

Current market sentiment still remains bearish, but a quick pull to the upside might be expected in the short-term. Gold is still around the 5.5-year low and chances are it might continue its downward trend until fresh news boost prices up.

Live price update: $1,085-$1,086/oz

Chart: H1 XAUUSD