Gold is Up In the Air GC

I see some very conflicting sentiments about gold; some say dump, some say soar. Either way, volatility, I think, is something we can all agree on.

Overall I am bearish about it, but in the more short term, I used some trendlines, the down channel it has formed, and some retraces to come to these conclusions shown in the chart.

Still amazes me that everything converges at 1900, very cool.

Hope it helps all those gold diggers out there.