Gold cannot hold over 1400, retesting daily lows

FXstreet.com (New York) - Gold prices failed to secure their grip on the 1400 region Friday, falling below this key barrier during the latter stages of US trading Friday.

Gold holding above key support

The bullish wave still remains intact with the yellow metal, contingent upon stability above the 1385 support. A break below this region will cancel a bullish scenario and signal a downside that will continue to retrace weekly gains, down to the 1325 level. At the time of writing, gold prices are trading at USD $1394.87 per oz. Friday.