Gold rally stalls as USD steadies

Adam reported the rise in gold earlier and we were motoring through strong resistance around USD 1260

High post since then has been 1268 but we’ve now retreated to 1262 and stalled as the talk of a US budget deal helps to steady the USD declines

Immediate support seen at 1255 with bids every 1o points or so down to 1225 as shorts attempt to cover the squeeze higher.

Similarly offers at regular intervals to 1300

Anyone got a coin?

GoldGold HI chart 10 December 2013

Gold HI 10 Dec

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