Gold broke the October low of $1251, taking out a key support level as it fell to the lowest since early July.
Gold touched as low as $1245 and is currently trading at $1253, down $22 on the day. Since Oct 29, gold is down 7.3%.
Technically, the picture for gold is looking troublesome as a series of lower lows since August threatens to snuff out the modest optimism in the market since the end of Q2.
Gold daily
