On 2/29 the Power of the Pattern reflected that Gold was facing two key resistance lines at (3) in the chart below. (see post here) 

This was a huge test for Gold because it was “kissing the underside of a multi-year support line, which has now become a resistance line!”

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Below is an update on the GLD ETF, reflecting that Gold has declined around 6% in 4 days and that channel support is about 6% below current prices.

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Below is a chart sent to premium members that reflects Silver ETF (SLV) filled an upside Gap and ran into numerous resistance lines at (1).

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The crossroads of resistance and the filling of the GAP at (1) stopped SLV on a dime

Now the breaking of support in SLV would suggest that lower prices are in store!

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past