n our recent Gold commentaries, we’ve talked about the potential for price to continue moving lower, following the pin bar sell signal that we discussed back in our August 11th commentary. Last week, we saw price retrace modestly higher but it backed off its highs late in the week and formed an inside bar on Friday. If price breaks down from this inside bar this week, we could see another leg to the downside, with near-term support around $1270 and then key support further below near $1240.
