Guess who’s done a poll?

The Reuters hoi poll-oi say gold will average $1235 for 2014 and rise to $1260 in 2015. For you other metal heads, Silve is expected at $19.95 2014, $21 2015. Platinum at $1521.50 2014 compared to $1600 forecast for end of 2013 (finished around $1350). Palladium to average $770 for 2014.

Gold is off a around $15 today after testing and failing to take the upside levels yesterday through $1260.

Gold daily chart 21 01 2014

Gold daily chart 21 01 2014

Last weeks lows at $1236/33 will be the first focus of support before the 1218/20 level.