Gold prices September 25, 2014, technical analysis

The gold markets as you can see fell during the course of the day on Wednesday, but remain in a consolidative pattern. With that, we don’t really have a set up right now that we are willing to trade, but would love to see some type of short-term rallies that we can start selling. On the other hand, if we managed to break down below the $1200 level on a daily close, at that point time we would be sellers as the market should in fact head to the 1000 level on that break down, according to fxempire.com