Here is an hourly chart showing pit and electronic trading in June gold. I last commented on gold here.
The market is still holding above the long term resistance level at 661 which is the 2 5/8 multiple of the 1999 low at 252. The last reaction low on the way to today's high was at 655. I would regard a break below 655 as evidence that a drop below the 600 level has begun. I think this development is likely because of today's action in silver.
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