With the last trading day of September, and the quarter just completed, it seems that technical selling has moved gold pricing dramatically lower.

Gold continues to trade lower on the day, breaking below $1500 per ounce for a brief moment before recovering.

Gold futures seem to be consolidating after yesterday’s sharp decline of almost $30. Yesterday it was a combination of an extremely strong US dollar along with robust selling pressure that took the precious yellow metal dramatically lower on the day.