where will the rot stop

Looks like gold is headed lower ... next resistance is around $610 (USD)

Gold could conceivably fall all the way back to its 200 day Moving Average (somewhere around $540) but could well bounce before hitting that level.

So where to for gold?

My take? Gold at below $600 would not surprise ... maybe $580 - $575 where it would represent a great re-entry point.

At around the $600 level it would be a definite 'accumulate' ... below that level, a 'buy'.

Time for patience ... timing is everything with something a volatile as gold.

Of course, some 'left field' event would blow all these 'technicals' away.

But it's safer odds to go with the technicals than it is to bank on some 'left field catastrophe' lighting a fuse under gold.