Spot gold broke support at $1200/ounce, warning of a primary down-trend to test $1000*. Follow-through below $1180 would confirm. 13-Week Twiggs Momentum below zero already signals a primary down-trend.
* Target calculation: 1200 – ( 1400 – 1200 ) = 1000
Spot silver has already broken primary support and gold is expected to follow.
