Carrizo

Big drop in gold coming?

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
I believe gold may drop big if and when breaking these two trend lines .

Furthermore:
  • DXY has reversed at bottom trend line and will now start a new long bullish trend .
  • US retail sales data was bad. Still DXY did not go down nor gold up.
  • Gold has failed to reach the top of 1834 for days. It tried breaking 1828 like 7 times but failed. Managed to reach 1829 at one point.The bullish trend is over imo.
Comment: Looking good.