testing the breakout point, page-10

Twiggs Money Flow Indicator this morning.

"Gold broke through resistance at $1260 and is now retracing to test the new support level. Respect of $1260 would signal a primary advance to $1360*. Reversal below $1240 is less likely, but would warn of a correction to primary support at $1160. Twiggs Momentum (21-day) retracement that respects the zero line (from above) would confirm the primary up-trend.
* Target calculation: 1260 + ( 1260 - 1160 ) = 1360"



So far tonight it seems that 1260 is history.