GOLD:Gold broke the 724.50 support level. Gold is in a downtrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands have tightened. Today, we expect to see a bearish configuration. 1H, 4H Elliott pattern imply that the Gold should to gather momentum today. The target is 722.00. This provides Forex traders with a great opportunity to go short on a very healthy downtrend.