This is acting like a ledge that gold will fall from.
Volume on the bounce is very light and not
consistent. Again, partly due to the 'roll over'
period gold is in between April and June contracts.
I think gold is going even lower. After the weak longs
have all been wiped out, the big boyz will jump in
and gold should sky rocket.. Just not today.
If there is any report from the FOMC meeting today,
the markets will go crazy, both up and down, immediately
on the release of the news at 11:15AM PDST.
Swings could be very large and quick.
NO MARKET ORDERS, unless you want to commit
financial suicide.
Gold moves even lower than shown here
