What has todays action done to the gold trend and gold price forecast? Nothing
It has back tested the daily downtrend as shown in chart below.
We need to see price slam into that red rail then I will call for bull action.. I am looking at first 2 weeks of January to provide us the signal to go long.
In that time frame I expect dollar to rally and then in January start its trek down. So the gold price forecast is for it to touchdown the red rail and it would maintain the yearly uptrend. Bear market is over. Get ready for bull market.