xjo - weekend charting and chat - 28 mar 2014, page-8

Gold Futures Weekly

This weeks bar did narrow somewhat compared to last weeks bar, and the volume was a little lower than the previous two weeks (although still above average).
Both of which offer some suggestion the current weakness may be easing just a little.

However it is likely that some momentum (to the downside) has been built up now, which might take a bit of an 'effort' to stop.

Looking at the weekly chart, there is a 'nice' little spot just a little lower between 1271 - 1259 that may offer support.

I will be looking for any change in behaviour if/when it gets there.

cheers