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
Bearish PatternsChart PatternsTrend Analysisxauusdshort

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