Gold often goes down to the previous close before
rallying (the turquoise line). With the lack of volume
to the upside on any of these fast fading rallies, gold
should sink to the 75% fib at 782 before any type of
good rally will occur. Plus, the manipulators have so
damaged this market, that it appears that there is
nothing left but the hardest core traders battling
among themselves for scraps.
