Gold XAU
Like Platinum, Gold looks to be carving a bottom.. this level 1160 is HUGE for gold and I dont expect prices to go above this level as of yet. I think well retest the uptrend from July low then come back to the 1160 area. If it goes above this level and we manage to get a few daily closes above this level, i wouldnt be surprise to test the high 1200 area. A break below 1120 would most certainly bring a retest of this years low and a break of this level will likely have gold test 1045-1055 area then 1000 maybe even lower to 950
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