5 reasons for Gold to continue its trend southwards
1. The bulls were not bullish enough to maintain
the high above the inflection point set in 9/1/2011
2. Exactly 50pct. Retracement
3. Resisted by upper descending trendline
4. Price moves correctively
5. Bearish daily candle close
the high above the inflection point set in 9/1/2011
2. Exactly 50pct. Retracement
3. Resisted by upper descending trendline
4. Price moves correctively
5. Bearish daily candle close
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