The price rejection at the 2070 triple top in May this year set the motion for the decline of Gold. As usual, during declines, there will always be retracements/uptrends deep in the trend. The last monthly candle was extremely bearish, and the current monthly candle is likely to close below its opening, leaving a deep upper wick to the upside, and forming a classic shooting star candle, another sign of more downside to come.
Comment:
The fall of GOLD is inevitable !
Thedeveloper