Gold’s decline of late has taken it down to a crossroads of support and “Support is Support, until broken!” . From a Power of the Pattern perspective, the support at (1) is big time important for Gold  The decline has pushed bullish sentiment numbers to pretty low levels.

Joe Friday…. Gold needs to hold here or traders could push it towards the $1,300 level in quick order!

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