Slobodan Drvenica, an analyst at Windsor Brokers Ltd. said, “Gold is losing its neutral near-term stance, as the price has threatened the lower 1745/52 consolidative range boundary. Moreover, the hourly structure is turning negative and that could signal stronger correction of last Friday’s strong 1731/52 rally (Fibonacci 61.8% and 76.4% at 1738/35).” “This is also equivalent to the previous highs of 09 and 20 Nov and are expected to contain any extension lower, keeping bulls in play for eventual push through 1752 (daily Ichimoku cloud top) towards 1756 (Fibonacci 76.4% extension of upleg).” he adds. In these moments the price of gold has settled at USD $1747.96, down $- 1.53 Tuesday.