Technical Trading: Chart Signals Warn Gold Is Vulnerable To Slippage

(Kitco News) - Mon Aug 5 - Gold prices shrugged off modest gains in European trade to weaken slightly heading into the New York open. Very short-term the Comex December gold futures contract is vulnerable to modest slippage following Friday's bearish candlestick formation. The gold market has been in a modest sideways to lower drift in recent days and the bulls have lost control of momentum.