Gold markets have broken down rather significantly during the week, slicing well below the $1500 level. This is a very negative sign, but when you look at the weekly chart, you can see that we are still technically and a bullish flag. Quite frankly, this market needs to save itself rather quickly or it’s going to be serious trouble. The $1450 level underneath will continue to keep a bit of support into the market based upon the ascending triangle on the daily chart, but at this point it looks very likely to cause a bit of a reaction. {video} If the flag pans out, and we break above the top of it, the market could ... (full story)