The bullish break last Friday (9/21) was quickly rejected, before gold was able to reach 1790.20, 2012-high. The market followed the false breakout with a couple of bearish swings. By the 9/26 session, the market cracked the 1751.80 support and reached below the 1746.95 level, which was a resistance pivot for the previous consolidation seen in the 4H chart. A pullback during late 9/25 and early 9/27 Asian trading is going to give us a chance to see if the break to the downside can sustain after the break to the upside failed. Note the 4H RSI testing 40. Since breaking above the declining trendline going back to ... (full story)