Gold is at the lowest since October 10 as it falls $125 to break $4000.
The drop is fast-approaching the 38.2% retracement of the run since August at $3970. The 50% level is at $3844 and I suspect that would be stronger support.
The selloff today comes after positive signs on US trade with China and some other partners.
I’m a bit surprised we haven’t see a faster flush after the break of the big figure.
This article was written by Adam Button at investinglive.com.