Gold Price Remains Bearish, But Stable

<p>"We saw signs that gold price could be in a downturn and that has played out with a bearish trend. However, gold could stabilize due to technical observations and moving averages. The sentiment in gold is rather negative. If the Federal Reserve's resolve remains strong, that is bad for gold. Seasonality should keep gold prices above $1.6K," says Everett Millman.</p>