{video} Gold looks to have run out of steam today. It first advanced above yesterday’s 2,007 high early in the session before being hit with resistance that led to a decline to well below yesterday’s low. A one day outside day reversal is now in play. It may lead to a deeper retracement before gold is ready to resume its advance. Nevertheless, further signals are warranted. {chart} Following today’s close a break below today’s low of 1,979 will signal weakening. And further still on a drop below the three-day low of 1,777. Downside targets will then start with the 23.6% Fibonacci retracement at 1,963, followed a ... (full story)