Gold Tumbles

April Gold futures are trading lower $26 at $1213.40 per ounce in Tuesday's session. After a lower open, it could not regain Friday's close ($1239.40), trading no higher than its opening print of $1236.30. Once it breached Friday's low ($1232.90), the selling pace accelerated taking the contract under $1200 before finding support at $1191.50. Since making the low, it has been finding intraday resistance in the $1217 handle.