this is getting interesting. people are starting to dismiss all this US warmongering talk agains syria and gold continues to slide BUT (you knew there was a 'but' coming ;) ) the K-area around 1403.0/5.0 has been tested again and again, and is still holding! i wonder what our chinese friends will do tomorrow when sydney wakes up.
agreed. or at least until 1440 at which point we should re-assess as long as syrian situation hasn't changed and even more so if it turns all out to have been a bluff and things are perceived to have been a false alert. in the latter case, the plunge will be epic and juicy. ;)
based on what? if the bombs actually start raining down, you can throw all your technical analysis out the window because this sucker is just gonna rocket to 1550 in less time it took to write this. so i ask again: on what conclusive evidence do you base your sell recommendation?