Monday, 16 November 2015

It Appears Gold Is Going To Test Its Multi-Year Low

$1072.30 back in August was the panic bottom:



FinViz
The fact gold could not hold its gains today, despite the awful news from Paris, can't be reassuring for the Bulls:



FinViz
$1082.80 last, $10.50 above the five-year low.

There is no chart support until the big round number, $1000, where the 2008-9 resistance becomes support on the way down. Perhaps a small pop back up this week to test

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