Gold normally melts at a temperature of 1,064 degrees Celsius... it must be that hot in the charts ;p because gold seems to be going too HELL at the moment with no real signs of it slowing down and no real support points can be seen, Technicals have just flown out the window with gold at the moment.
So we remain bearish bias at the moment and have been holding trades since near the top of the drop... yes I will be ringing my local Porsche dealer for an upgrade if gold keeps melting ;p So crank up the heat, sit back and watch as Gold keeps melting.
Remember to trade with caution and correct risk management!