16 weeks of bearish action and no signs of a bottom yet for gold

COMEX:GC1!   Gold Futures
CRI's weekly commodity trend survey ( has had gold trending lower now for 16 weeks. Today's big break does suggest we are nearing some sort of short term capitulation as initial targets approach. While it is far too late to sell now, there are still no signs of a bottom to justify buying this asset either.


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