The gold market has lost around $50 an ounce from the early-September high, as risk appetite has returned to the marketplace. That’s bearish for safe-haven gold. See on the daily bar chart that December gold futures see an uptrend line that is being challenged. A drop below key chart support at $1,300.00 would give the bears more technical momentum to then suggest that a near-term market top is in place. Stay tuned!–Jim
