Gold's rebound from the $1,180 triple bottom has been getter weaker on each bounce. The 1st rebound was to $1,420 from the test in July 2013. The 2nd rebound was only to $1,380 from the Dec 2014 bottom. This most recent rebound was only to $1,250.
Gold is in a descending triangle formation at the moment and you can normally expect a breakout to the bottom. The Fed meeting minutes this week will be the final nail in the coffin for Gold.
