Gold markets have broken down significantly during the trading session on Thursday, as the 200 Day EMA continues to offer a significant amount of resistance. By doing so, the market looks as if it is ready to fall somewhat hard, and now that gold is more likely than not to continue selling off, perhaps reaching down to the $1800 level. That is an area where I would anticipate seeing a lot of noise. It is a prominent, round, psychologically significant figure and where we have previously seen buyers. For most markets, the US dollar has been like a wrecking ball, and gold has been no different. Ultimately, this market ... (full story)