Gold liquidated some $75 last week to $1,045 as the Euro/USD gained momentum with Greece’s inability to their pay debt.  The $1,070 did hold very well but ultimately the selling pressure was to much and thats when you had it sel right to $1,045 with many sell stops being activated below $1,070.  Now the next support is this $1,035 level and I believe you will see some buyers at that level.