GOLD

Gold looks like it could trade down to 1180 where if gold dips into 1180 and finds support at the pink and red trendlines, could trap sellers at lows causing a short squeeze in a counter trend rally back up to resistance. But if gold breaks all current possible support on a weekly close with strong momo, the measured move of its current consolidation period is close to the 61.8% fib from 2001 lows to 2011 highs. Notes on chart.