HUGE DOWNWARD MOMENTUM AT THE MOMENT FOR GOLD. PRICE IS COMING CLOSER AND CLOSER TO THE TRENDLINE AT 1680. PRICE COULD EASILY REVERSE AT THIS LEVEL AND CONTINUE UPWARDS POSSIBLY BACK INTO THE 1800'S. ALTERNATIVELY, PRICE COULD BREAK CONSOLIDATION AND MOVE UP TOWARDS OUR RESITANCE LEVELS AT 1740 AND 1760 BEFORE COMING BACK DOWN OR CONTINUING TO THE UPSIDE. THE MARKETS ARE VERY BEARISH AT THE MOMENT SO MY CURRENT BIAS IS PRICE COMING TO THAT 1680 LEVEL BEFORE A REVERSAL TAKES PLACE. IF PRICE FALLS BELOW 1680 THEN EXPECT HUGE MOMENTUM TO 1642 - 1640.