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Excellent observations by Peter.
Had to go look over the PDF to see that lower trend line was $72. Looks like it hit the 100 day today.
I posted a little something about this two days ago.
If you get bored with the whole Euro/Dollar Action, it might be of interest...
http://bit.ly/aLy6rH
Enjoy
Although obvious to all, I think it bears repeating that gold fell FAR less than silver, oil, copper, or any other "commodity" --- which it is incorrect to consider gold in any case, as it functions far more like a currency in international finance than as an industrially used commodity such as copper or aluminum.
Feel familiar yet?
Silver will do very well...
The proprietary indicators I use can identify trend changes before they occur and they have been warning of a USD rally since last year.
Just posted a new EURUSD chart: showing long term trendline with important support around 1.2770
http://www.zerohedge.com/forum/latest-market-outlook-0