Falls below bottom trend line support
Gold has moved below a lower trend line support line at the 1119.50 area. This accelerates the trend down.
If the buyers have a hope, it will be on a failure of the break. Otherwise, the sellers remain in control. The dip buyers remain nervous.
Another last gasp for the buyers comes at a lower trend line that connects the recent lows on the daily chart, that trend line comes in at 1116.78 currently. The low for the day comes in at 1117.67. Traders looking to buy that last dip, could lean against this level, but be on the look out for stops on a break.
