Spot gold is lower early Wednesday. The main trend is down according to the daily swing chart. A trade through $4,399.67 will change the main trend to up. A move through $4,235.17 will reaffirm the downtrend.Gold reached $4,369.56 early Wednesday and turned lower before it could test the $4,384.59 to $4,405.59 retracement zone. The failed rally leaves sellers in control below that area.The market is testing the short-term 50% level at $4,319.60. The 50-day moving average at $4,307.01 sits just below it. A s ...