Even a further fall to 856.30 would still leave
gold within both the intermediate blue down
trend channel and the shorter term white down
channel. In fact, just by looking at where the both
intersect on the low side, means gold 'could'
'technically' fall to near 840, but I don't think it
would get that low without a good numbers of
buyers moving in, unless it went down very fast,
as in 'collapsing'.
Before that would happen, I would think China and
other nations drowning in paper dollars would
immediately start trading them in for gold.
