Gold has a look below $2,500

Following an earlier report here, gold managed to hold a brief drop below $2,505 and then lifted back towards $2,515. However, since just before the US stock market opening the metal had been edging back down and once it took out the low seen yesterday, at $2,500.92 it seemed to trip stops to below $2,500. The low point seen was just now set at $2,498.10, but it has not stayed down there for very long and has since recovered back above $2,502. That price action, whilst not conclusive, would suggest to this analyst; that stops were indeed in place below $2,500. Gold is currently trading at $2,500.90