Gold Update

Here's a current 240 min and 60 min cash gold chart ( Metatrader- FxPro data feed). After my worries about the possible effect of the UMLP of the mod schiff ML set seen here in green and our proximity to the LMLP of my longer term ML set ( in red with inner quartiles) ......my concerns have been borne out and price is heading south at speed. I expect we will find support at either the phyc level of 1100.00 or perhaps a PP (not shown here) but i would be very interested in selling a retest of the red LMLP...perhaps next week but currently around the 1112.00$ mark with a 1.50$ stop just siitng abouve a daily support/resistance pivot. Medium term now i am concerned that price is possibly heading lower below 1100 towards the green centre line around 1055.00