Its hard to be optimistic when the world is falling apart. But there may be a silver thread here. Gold completed a near perfect AB=CD retracement from the March high to the October low. We may now have just reached the C point on the next pattern. A smaller AB=CD pattern Starting in the beginning of October up until now. Plus a 78.6% retracement complete. We will need to see some confimation during the days ahead. Gold moving above the 10SMA would be a good start. Stoch and RSI are oversold We need MACD to turn. The best we can hope for here is an three drive pattern up to the upper blue trend line. A lower low cancels everything.