Darren Heathcote Break Quotations

We've seen gold break the correlation with the dollar in recent times. We saw gold strengthening even though the U.S. dollar was strengthening.

The fact that it hasn't broken through, sustained a break through $535 is probably helping people to find a bit more confidence to buy it back again.

If we sustain this break for the duration of the day, then I think we will be looking to test $495 again.

We are now looking to target about $534,50, with $539 probably the resistance. But I still think we need to see a break below $525 to see an immediate reversal in the trend.