The potential bear case for gold - as you can see we have broken below the pennant support line and have bounced back in, this could be a temporary move before dropping to lower levels.
The monthly chart for gold is showing strong signs of a bearish reversal with overall momentum turning to decrease!
@franciscoortiz33709, Yes sir - although I have taken profits in case it doesn't completely reach the target, no matter it has dropped a lot and I am happy with the trade so far.
Currently, we are seeing a small bounce but I believe it should continue downward after, time will tell (:
If you shorted when I posted this you would have made some solid profits already so don't be sacred to take profit, a win is a win (: