Gold continues daily plunge to 1 month low

FXStreet (Barcelona) - Having made an overnight high at 1,334.34, Gold has declined through the European session to where it is presently trading at 1,310.99.

Gold has slumped to a monthly low amidst investor expectations that the Fed could consider raising rates earlier than expected.

Gold Technicals

Daily 2-Standard deviation Volatility bandwidth is at 70.23 and gently expanding, while the daily RSI is at 43 and declining from being overbought in the early hours. The hourly 200 SMA is at 1354.44 and declining, while the daily 20 EMA is at 1340.29.