As I predict gold market still in a downtrend, also believe there is nothing special before this  Friday, have not write any article, if you follow my instruction to do a put order at 1210,we can gain a little. The early part of  this week is expected to decline in gold and Australian dollar, the Eur strong embrace, but the leading role is the market response of the European   stress tests.

 Moody's lowered the credit rating of Ireland in Monday , but EUR only slightly to 1.287  level, gold flip to 1,194.7 U.S. dollars, short-lived given the trend of strength,  Europe has been lacking in the lethal arrows this time . Market demand for gold hedging is  decreasing, in particular, debt financing last week, making Portugal the ideal situation, the country's short-term financing to reduce the risk of liability. , The U.S. CPI increased by less than expected, the market as a signal of economic slowdown, lack of inflation  now, the market also decreased their  interest in gold. SPDR Gold ETF positions continuous  a reduction of 6 tons to 1,308 tons.

The European banks stress test will be brought pressure to market, that we need to concern the reflection of the market, and seem some of the banks cannot pass the test. As the test is calculate in a low standard, if there are some positive result, the  Eur have the opportunity to flutter 1.315, on the contrary, see  gold in the 1,205 resistance,  testing 1,175 dollars, 1,155 dollars is the key support, which is the 50% regulation from April,  also this is the bottom of the supporting line start from October 2008.

while the silver is in a  flag shape which is a narrowing of the trend, key support at 17.45 and 17.10, respectively,  following the recent trend of the U.S. stock market and make more obvious rebound. Platinum still between 1,485 to 1,525 U.S. dollars held volatility, wait for a breakthrough, and I see platinum in more positive.