cryptegrity
Short

Gold to breakdown under resistance for Slingshot

FX:XAUUSD   Gold Spot / U.S. Dollar
256 1 2
According to Martin Armstrong, for the best-case gold             price target of $5k+ per ounce we would be best to see a breakdown below the current long-term support to see $1045 to form a slingshot move.

Providing we see a topping in the near-term for current resistance to hold, it would be looking bearish for perhaps 10 months to fall back below support.
Comment: D
Declined as predicted. As of 1st September the Monthly has broken above triangle. Could indicate a bull run for Gold.
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