Gold sell-off resumes in Asia

FXstreet.com (Barcelona) - Gold continues its overnight sell-off along the Asian hours of trading, and after breaking through $1,200 it hit new multi-year lows at $1,180.

It appears as though next support is found at $1,160 - July 25 2010 low -. Below, according to Greg McKenna, CEO at GlobalFX, "$1140/50 should support but if it breaks on a monthly close watch out below $700 for the next target."