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Yesterday's Rout Swiftly Brought Gold on to the 'Support Line-1 from 2000'

  • At current price of USD 1,200, it is a blink away from the "support line-2" which is the "mother-of-all-supports for gold"
  • It would be the "make-or-break" level for the gold-bull since 2000, i.e if the long-term bull case were to stay intact, gold price must not be breaking this level decisively
  • In other words, this level around USD 1,050 may still be broken but gold needs to defend this level quickly after a break (if this ever happen)
  • The truth shall be upon us soon...

Gold 2000-2013 Chart
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