DENCHMON

GOLD sets the trend and SILVER follows.

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Had to break even on my last gold idea but we had an idea that gold may find resistance at the 1960 resistance.

Now we're sitting deep within a downtrend and a break of 1830 could mean gold forms a double bottom at 1770 and gets primed for a move up.

1720 is the last support and if that's broken then 1580 doesn't seem that unlikely.