It looks still weak and lots of shorts are still there until PPOG reverse up again the selling will continue and TA looks not overbought anymore but downside pressure can continue, I would not like to go short or long at this time as there is no strong indicators to go short or long but feels that the selling is not over yet. Long term still bullish on GOLD but if the employment figures in the US continue to improve hmmm it means the sentiment for interest rates will be up and that will be very bad for GOLD.
Cheers,
LGL Price at posting:
$3.36 Sentiment: None Disclosure: Not Held
