Gold’s Downtrend: Is This Just the Beginning?

From sunshineprofits.com

With the yellow metal just posting its lowest close since June and a bearish pattern forming, how vulnerable is gold to a further decline? Gold and mining stocks just broke to new yearly lows – as I warned you in my previous analyses. And that’s only the beginning. Let’s jump right into the charts, starting with gold. chart In early February, gold broke below the rising red support line and it then verified it by rallying back to it and then declining once again. It topped almost exactly right at its triangle-vertex-based reversal, which was yet another time when this technique proved to be very useful. Gold ... (full story)