Gold crashes below $1,900

 
8:13 AM January 8, 2021
 
 
 

Gold experienced quick drop below $1,900 at the beginning of European session

Gold as well as silver experienced a small crash at the beginning of today’s European session. Gold slumped from $1,905 to $1,875 in a matter of minutes while silver plunged from $26.91 to around $25.97. While both precious metals managed to bounce off the lows, pressure remains. The move was likely accelerated by triggering of stop loss orders below $1,900 in case of gold.

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Gold crashed at the start of the European session as bears managed to breach $1,900 mark.

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