break of 50dma and downtrend, page-82

kates, markets have a habit of gravitating toward moving averages and trend support resistance and fib #'s. When you have a covergence of those at particular price points it increases the chances of a target being hit.

That is why I think it is fair to assume if gold breaks the base of this triangle then a target of the 200wma and lower uptrend from the 08 lows is a very real probability, as those points somewhat converge. in actual fact the measuring guidlines for a break of the triangle are closer to $1100.
Mr Martin Armstrong has in previous analysis stated that a test of that level could not be ruled out in 2012.

The above is definitely not a given, as I have always said, time is more important than price, but it has to be given cred.

To be forewarned is to be forearmed. Unfortunately for many it appears ignorance is bliss.

Cheers