2nd Update - 2012.11.28

Haven't got a chance to put my briefcase in its place when I step into the house, I shocked seeing gold dropped that far.
Running over to my computer, looking for what news made this happened, I couldn't find anything big.
This is the second time in only a week that we have this phenomena. This is also why I always say many times in my post that SURPRISES HAPPEN.
I dare to bet for anything, no one in the world know when this would happen. This is beyond any technical.
The bears has pushed the price gone to the very base of its support, The Main Uptrend Support. I should say that this is the last support gold has, and if it is broken then it is not impossible we are seeing 16xx again.
But looking at the gold move when I make this post, I think this should be the farthest spot where the bear can go today. I doubt it will go much lower although I'm not so sure anymore because we already had 2 surprises in only 5 last days. Even until now, I still don't know which fundamentals cause these last two surprises.
If gold can move back higher than 1718, then I believe it will play between 1720-1730.
As usual, the very important thing is, strict to your MM.

Good luck...

PS: when I'm almost posting this, I notice that gold is beginning to form a "possible" morning star in that last candle in H4 chart. But it still 2 hours and 7 minutes to go before the candle is fully end its 4 hours duration. If that truly form a morning star, then technically we are going to have a rise back in gold price. Let's see...

GG - 2012.11.28