Gold has broken its key support at 1322, making fresh 2.5 years lows. An hourly resistance is at 1309 (intraday high). The short-term technical configuration is negative as long as prices remains below the resistance at 1348 (intraday high). • In the medium-term, gold reached the implied downside risk at 1287 implied (see red arrows) by the break of the long-term horizontal range defined by the support at 1523 (29/12/2011 low) and the resistance at 1803 (08/11/2011 high). A key support can be found at 1157 (28/07/2010 low). (full story)