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Ira Epstein Reviews the Days Trading in the Metal Markets

As we take a look at the gold market, you can see how the market is pulling down a bit. You're down 1.19% for the week. We had a straight-up move and now that move is getting challenged because the dollar is getting a little bit more support in the marketplace right now.

If you take a look at the bar chart, you can see how the market was going sideways and now the market is starting to actually push back on the other side. You can see the 200-week average dipped and the market finally did break down. Do I think there's a lot of downside since you're in a downtrend and you're under these averages? Not really. I think the 1955 level will be about it. But it's not a place to belong.

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