The lack of follow-through price action in spot gold after last week’s break below vital horizontal trendline support at 1676 (coinciding with the 200-week moving average) raises some doubts about the reliability of the bearish signal. However, stalling after the break is not a sufficienton its own to conclude that the move was a false one – it could well imply a lag. While the yellow metal holds below 1676, the follow-through decline could occur next week or in due course. For a false break to occur, like the one in silver recently (see chart), gold must at the very least rise above the September 15 high of 1698 – ... (full story)