You can almost guarantee gold to disappoint, and the most recent action is no exception. The only possible chance here for recovery is gold's tendency to overshoot a sell off.
Gab
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@Goldxer, Sounds like a perfect contrarian indicator ... The gold spec washout has begun.
dsorchestra90
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too bad it failed :(
Gab
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@dsorchestra90, I'm hearing rumors that Gold is technically broken. Can't argue with a chart that says otherwise. Keep calm and move along.