Gold is getting whacked Sunday night, down $20 as of 1:30 a.m. On the daily chart, the decline would become significant if the selloff were to dip below 844.70 before exceeding 938.20. The significance of these two prices points is shown in the accompanying chart. More immediately, a penetration of 903.10 would imply more selling ahead, although there could be an intervening rally. If the implied drop that follows that rally reverses at a midpoint support, that would imply the bulls still have control.