I noticed the channel pattern in the Gold price: [IMG] We're...

I noticed the channel pattern in the Gold price:


We're holding the middle line, but likely to break below with the current FED liquidity spigot open and stock market moving higher with no fundamental support, just lots of cash looking for a home.
Notice how Gold paused at the middle channel line in July. Now resistance acting as support.
The lower channel support line should hold, if it gets that low.
Have to be happy with the steepness of the channel. Just have to be patient.