MEGALO1

Gold's Trending Bearish and That's no (((Bull)))

Short
MEGALO1 Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Some Bearish tendencies Developing on my gold chart !!!
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WEak Volume; Flat Stoch/Rsi pattern; price action are all conducive to a bearish trend in developing stages ! ? :-)
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Engulfing Bearish pattern Break -outs !!
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My Golden Dome is not as bright Yellow as it was on Friday it's got a tarnished yellow color ??? Let me Think ???
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PM markets are suffering from a negative divergence once again its not conducive in buying any miners at this time especially the lighter colored stuff. No miners No Etf's long , not until a full fledged bull leg has developed & has been confer-mated !! :-)

I would hypothesize the reason for the divergence would be from the market makers & the power's to be, trying to keep the scalping & short term profiteer's from making a mint on short term day trades !/?
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Gold still in a bearish trending status with three red hourly candles & working on a forth!
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I believe Gold will retest $1960 price point and if it beaches below it could very well blast down to $1940 arena !/?
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The hourly MA is crossed on a negative bias for Golds price action .
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Fundamental News from our propagandists media mouth piece should only be herd post market not during !!!

Old Mcdonald preaching what a glorious job he's doing for america !
Again just before London Gold & Silver Bullion Exchange closing and during closing ?
Gold went to new ATH imagine that, created by design !
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!hr candle flashing Bearish Engulfing right now !
The mortgages MBA - 5% which help gold go to mew highs .
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Treasury refunding announcement at present should have some effects on Gold !
Comment:
PM miner's & ETF's suffering a negative divergence once Again??
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