Precious Metals

Gold Plunges, Sets New Targets

Gold broke down from the small head and shoulders pattern and hit the 4 week cycle projection, but support and a measured move target remain below this morning’s low. This report covers the benchmarks to look out for before a turn is likely.

Gold At A Fulcrum

A lot is riding on gold’s price action today. It was at a convergence of key lines of support and resistance. The mini smash this morning just broke a short term uptrend line. Recovery is still possible by the end of today, but if it does not happen, the effect on the short term trend…