Gold is trading below the 200 day moving average for the second time in a few months. Previous trip (not on this chart) below the 200 day average was in 2008. Oops. Today we finished off the lows, but I would think any move back up to the 200 day average might be a shorting opportunity. The typically strong season for gold begins in Aug-Sept. The present weakness is due in part to strength in the dollar.