My thoughts are that the chart looks ugly now. Hopefully this is a false breakdown or the gold complex is stuffed.
i'm hoping as we had a few false breakouts on the way down in this consolidation pattern that the move on Friday is just a false breakdown and we have a nice bounce to put us back in the bullish camp rather than a bearish camp. Could this be the final shakeout to bring in capitulation type selling??? If not then Gold prices will be soft for some time and head lower.
