Gold has ceased to be a precious metal; it's now a market mystery that continues to perplex traders and analysts alike.
After convincingly moving below the major support at the 200-day moving average on Friday and closing below $1,660, gold has
So what are the levels I'm watching?
I still view the line in the sand at $1,641. A close below that level will likely send the market to $1,590. Traders and investors alike will look to the U.S. Federal Reserve's
Resistance - 1,661.9**, 1,675, 1,678, 1,682-84***, 1,688, 1,696-98***
Support - 1,653.4***, 1,641-42.5**, 1,633-36*, 1,626*1,590