Spain 9-month Letras auction declines to 0.787% from 1.007%

The price of gold is struggling to break above 1428.00 resistance level, as the price has formed a bearish shooting star candle whilst failing to record a closing above the level on a four-hour closing basis. As such, bearishness looks to engulf the yellow metal, however, for further confirmation, a break below 1417.00 level would usher in the 1400 barrier and support once again. In these moments the price of gold is trading at USD $1413.61 per oz., falling off highs at the 1428 resistance.