Gold down $15 to $1246
Gold prices hit stops on a decline below $1250 in a quick move.
The easy part of the rally for gold is over.
The bulls might get some help from the ECB but the market has priced in a tremendous amount of easing. Afterwards, it’s on to the Fed and given the upbeat turn in markets and data, the FOMC is more likely to surprise with something hawkish.
