Gold initially did try to rally during the trading session on Tuesday to test the 200-day EMA, but we have fallen pretty significantly since then. The 200-day EMA offering a bit of resistance and breaking down below the hammer from the Monday session is a very negative turn of events. What's even more negative for me is the fact that interest rates started dropping and that didn't help gold. That's an interesting shift. We are starting to perhaps break out of that sort of negative correlation; we'll just have to see. Market Pressure and Structural Weakness XAU/USD Forecast Today 10/06: Gold Weakens (Chart) But I ... (full story)