Gold has been trending lower for the better part of 2018. Apart from the first four months of the year, sellers have had control without much argument from buyers. The closest gold bulls have come to reversing the trend came on August 16 when the market reached a year-to-date low of 1160. However, the relief rally sputtered out at the end of August, and the market has been moving sideways ever since. Yesterday’s selloff attempted to reestablish the 2018 downtrend, but buyers have stepped in so far today. In fact, they’ve erased most of yesterday’s losses. That said, gold is currently retesting several September lows ... (full story)