Gold briefly fell below $4000 for the first time since November.The peak of the rally came just after the US launched a coup in Venezuela but the real breakdown came after the Iran war and Turkey's decision to sell $120 billion in reserves to shield its currency. The latest back-breaker was the surprisingly hawkish debut from Fed Chairman Kevin Warsh, which has led to a broad US dollar rally.Looking at the chart, it's not pretty but there is some support at the late October low of $3885.Silver is in an even-worse spot as it drops 5.5% today to $58/oz. It's down by more than 50% from the January peak of $121.60. This article was written by Adam Button at investinglive.com.