1100 is key support. 1180 is key resistance.
Everything else is noise.
Watch the price of silver for any confirmations.
That market is tight, and less politically motivated.
12 January 2010
Weekly Gold Chart
Category:
Gold Chart Weekly
"Where such a shift in power is in favor of the governing elite, Power will achieve its murderous potential. It simply waits for an excuse, an event of some sort, an assassination, a massacre in a neighboring country, an attempted coup, a famine, or a natural disaster, to justify the beginning of murder en masse. Most state sponsored murder occurs under the cover of war, revolution, or guerrilla war, or in their aftermath."
R. J. Rummel
LE CAFÉ AMÉRICAIN
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