GOLD, still in control of the bears!
Gold headed back down again, after it didn’t manage to brake true the 1200 in the last two days. There is several technical supports now here between 1170/80, the question is could that level hold the sellers? US dollar is not favorable in the market, but gold can’t get benefit from that situation, which is a little unusual. If US dollar regeins its strenght, gold could fall strongly down toward 1140. In the meanwhile, watch this technical levels and follow the important datas from the US labor market, which follows today and tomorow. It looks to me that gold is strictly controled to remain at low price for a while!?
Forex Trader 