I would have to agree with Daytr on this one. There is an...

I would have to agree with Daytr on this one. There is an absence of anything capable of pushing gold past the halfway point of 2400, which was the level that realistic economists agreed upon. 1200 is the halfway point and anyone looking to trade should buy at a low, which has so far proven to be 1140 and sell at a high, which has proven to be 1230. Of course I will be watching to see if those levels of support and resistance are broken but have the utmost confidence in what daytr is saying. Of course there was the high of 1300, which detracts from Daytr's argument but life has settled down since then and appears to be stablising. Kudos to Daytr for recognising the economic stalemate with technical data.