Gold Gives Back All Of Friday's Gains And Then Some

June Gold futures are trading lower by $26 at $1268.00 per ounce in Monday's session. The sell off from premarket trading has continued into the regular session. After trading up to $1297.70 in Friday's session, it has now breached last weeks low ($1270.60), falling to $1264.50 and is attempting to rebound. This puts Gold into an area with limited support. Based on the daily charts, the next significant low does come in until its April 28 low ($1239.10). At this time, the rebound off the low has yet to reach the $1270 handle.