Gold tumbles. Cracks below $1300 and runs lower.

Down $15 on the day.

The price of gold has tumbled lower and in the process moved back below the $1300 level. The low just reached $1291. We currently trading at $1294.23, down -$15.25 or -1.16% on the day.

Down $15 on the day.

Looking at the daily chart, the price is below the lower trend line at $1296.50 (closer risk). The 100 day MA (risiing is down at $1279.40.

The 100 day MA comes in at $1279.40. That is a target.

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