Gold looks cold though downtrend not completely confirmed

So little time, so much interesting in the markets! Gold is dropping as expected, bit doesn't look - yet - like a confirmed downtrend. Be on the alert in case it starts a bounce. If and when that happens, we'll have to see if it's merely a lower high type of test. With the euro still well above 120, we may not see too much carnage in the markets ... Will see!