Quickpost: Guys, Gold is in a DEcending triangle.

I have seen a couple of posts showing the current formation drawn as a symmetrical triangle, and that simply isn't the case. This is a descending triangle and the target gets the price action below the long term black trendline.

The monthly chart shows the situation quite clearly, and the situation is bearish.


The S&P is staged to dump, paper precious metals are going to dump into the grave with everything else as every bull in the trap gets their margin call.