Euro area construction activity eased in December as tighter restrictions weigh, though the data is not of much significance considering we already had the Q4 GDP report. Besides that, the market remains more forward-looking in any case so this is a lagging release.
Further Development
Analyzing the current trading chart of Gold, I found that Gold reached my first downside target from yesterday at the price of $1,784 but that there is still strong downside moementum and potential for lower targets.
Key Levels:
Resistance: $1,800
Support level: $1,763.