On April 16th I wrote about a significant breakdown for gold. The market had just cleared key support at 1280, an area that had held the market above it throughout 2019. However, I also pointed out a confluence of support at 1260 in that same post. As you may well know, support and resistance are often areas or zones rather than exact prices. The 1260 region is no different. Following the break of 1280 support on April 16th, gold retested trend line support that extends from the 2018 low. The market didn’t quite make it to 1260, but it has tested trend line support nonetheless. This leaves gold with a critical ... (full story)