We’re down over $30 bucks from the highs at $1400.16 after the earlier data pulled a recovery rabbit out of the hat.
The shiny stuff has been looking troubled after it’s brush with the 61.8 fib from the Apr/Jun hi/lo at $14.33 and despite the recovery from $1378 hasn’t managed to mount a sustained move higher.
The 100 dma lies in wait at $1358 should we fall further and below that we have Jun/Aug support line at $1340.
Gold daily chart 05 09 2013
