gold getting smacked to $1600, page-34

gold had support at $1540 twice, then the new support came in at $1560 and it held before lifting, the latest sell off was predictable on the back of the 'solution' from the europeans being 'no solution'
Now with the jobless figures missing the mark by 20%+ in the US on friday, we should see more volatility, but teh new support i will say will be $1580 as we saw after the dump.... if that holds there is a strong base over the past 6 months until the QE genie is once again let out by the fed.
if the game was up for gold and everything was hunky dory, then there would have been no increase in the support levels and gold would have already plummeted as some have been predicting.
interstng next few days i feel, then again i have been saying that for a while now and the holding pattern has continued.
both the market generally and the PM markets are looking for more QE and its rare that they are wrong.