The gold market has sold off in recent weeks as the USD takes a serious charge against other currencies to liquidate the market from $1,158 to $1,085. There is a huge support level at $1,070 and this should be used to bottom feed the market if it gets backj down there. looks like the Euro/USD has found a bit of a bottom at $1.40 so that should help steady the price of the Gold market for now. It is amazing that Gold hasn’t sold off more on the move in the Euro/USD from $1.52 to $1.40. Gold is only down $120 or 6% in that time.
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