07 Mar Thursday Later

Channel is still valid as shown in the image. Gold is trading indecisive for last couple of days. From oilngold.com : "On one side we have long term investor liquidation capping the market..while on the other side regional Asian demand continues to support.

Still holding his hedge funds large position in Gold backed ETF trusts, mining shares and bullion derivatives, John Paulson last month posted an 18 % decline in his $900 million Gold Fund reports Bloomberg News, quoting a letter to clients. The fund has now lost 26 %  so far in 2013. The Gold price is down 5.5 %.

Read more here..