As noted in the November 7 video update, gold was destined to lose the first support area after spiking upward and getting overbought. As also noted in the update the moving averages should hold as a support area (1922 to 1934) or it will get less comfortable.
As yet the gold price is normal and doing as anticipated, working off the overbought reading. We’d like to see the immediate support level (1948) hold or failing that, the moving averages hold to keep things normal.
