A chart below of the AU gold ETF. One of the most easily identifiable H&S patterns you will ever come across. You won't want to be long if it breaks and closes below the neck-line.
I notice a few posters on the gold thread are claiming manipulation because of the large sell volumes. Well, I think it is likely just the smart funds jumping because they know what is coming. Don't fight the market.
Sure, gold 'could' still go up short term, but I believe the chart suggests the much more likely scenario is for gold to have a sudden drop.
I am bullish gold longer term....
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