Yesterday was not a false breakdown it just tagged again the blue trandline. But there is also an important red channel inside the blue . Check out how price is attacking the lower red while it couldn't break up the the red upper and the green triangle.
I think smartmoney was saving the price every time when it was tagging the lower but they were heavily protecting the red zone between 1287 and 1294
We might bounce one more time up to 1280-1285 but that's it. We will break down.
If we have a marubozu candlestick below the trendline we broke down. If we have a hammer we have one more round to the upside.
If no help is coming we will break down...
We might be ready... I would like to see a crawling on the trendline and a breakdown...
We need the dollar to rally for the gold decline.
So all who wants to open short positions it's time now.
I really want to see gold falling now...
I really want to see gold falling now !
that you sold gold to Soros.....
This is not a one day decline.
I think the FED minutes had started gold's intermediate decline.
If I'm right we are going to fall for 3-4 weeks from now.
And this is going to be a hell of a decline.
EVERYBODY IS BULLISH, EVEN SOROS....
It's time to take some money from the banks!