Something’s spooked the shiny stuff and it’s busted through stops to the lowest since July. For those that like the H&S pattern it’s broken the right neckline and is heading towards the bottom of a short term channel.
Gold daily chart 11 10 2013
The bottom of the channel comes in at $1254 so look to this for your first line of support
Gold h4 chart 11 10 2013
From there it’s the July low at $1205 and then the year low in June at $1179.
