Iv'e seen numerous charts over the past two days showing the solid blue trend line as shown here and indicating to traders that gold has broken to the downside. My feeling is that the trend line is more likely the dotted blue line and I would suggest that tend lines can be back-tested for a more accurate picture as I have done. With this in mind I would suggest that the trend is intact and in fact am personally quite bullish on this third cycle with significant momentum.