Gold has been giving plenty or warning signs that it is sick.
We had Gold failing to break through $1,800 when QE3 was announced. This created a triple top at $1,800
When QE4 was announced Gold failed to rally at all and in fact went down within 24 hours.
Gold fell below $1,690 which was the bottom of the upwards channel formed during its bull move since 2001. The only other time it broke the bottom of the chanel was in 2008.
Gold has now moved below the 200 day moving average.
