Gold Sell-Off Continues

The precious metal kept going south in yesterday's trading session ending the losing streak at $1,101.61. That level is the lowest since mid-August when Gold recovered from its multi-year low at $1,074 reached in the end of July.

The big picture isn't looking bright for Gold as it doesn't seem to be able to find strong support unless it visits the low of $1,075 and then decide its own way. Minor support now is $1,095 and minor resistance lays at $1,119.

The Gold market is too uncertain to define a possible scenario, but bearish sentiment continues to play the leading role.

Chart: H4 XAUUSD