{video} Gold continues to be very noisy, initially dipping during the trading session on Monday, only to find buyers just above the $1960 level yet again. Because of this, I think it’s probably only a matter of time before we see value hunters banking and trying to pick up the dip. If we were to break down below the $1950 level, then we could see this market attempt to go down to the 61.8% Fibonacci level, an area that obviously would attract a lot of attention. After that, it opens up a move down to the 200-Day EMA, currently sitting just below the $1900 level. All things being equal, it does make a certain amount ... (full story)