Predicted Gold Downside Price Trigger Broken

THE PREDICTED GOLD DOWNSIDE TRIGGER PRICE WAS BROKEN

 

Goldupdate2The $1160 price level that we noted in a previous posting as being the trigger price indicating renewed lower GOLD prices performed as predicted today.

Prices slid over $30 on a quick break below the $1160 level as shown on the chart to the side.

The attempt by Gold to break out of it’s strong downside trend finally failed after testing it’s strength with a small rally counter-trend.

Those following this steep downtrend of today should have their stops @$1246.

If prices break above this price, then they’ll be attempting to rally to the previous support (now resistance) price at $1160 again. – George

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