Gold is down $22 to $1146 today after falling as low as $1137.
Gold weekly chart
It’s tough to find a level that screams ‘buy’ on the gold chart.
On the weekly chart there is very little support. There’s a bit at the psychological $1100, that’s followed by $1084 and then $1000.
The rough measured target of the break of the 2013 double bottom is around $900.
The 100-month moving average was at $1180 and broke for the first time in 12 years this week. That opens that way to the 200-month moving average and it’s all the way down at $768.
