Last week I warned that the grinding nature of gold’s rally was reminiscent of a dead cat bounce — a bearish pattern that can lure bulls into a false breakout before turning sharply lower. Given the article was published near last week’s high, the timing of gold’s subsequent selloff has proven fortunate. Gold futures have since fallen 5.6%, with two of the past three sessions printing bearish engulfing candles. Momentum has clearly shifted in favour of sellers. It now appears gold bears may attempt to drive prices towards the $4,800 support level. That zone could prove pivotal, acting as the line in the sand between ... (full story)