Metals: Strong Golden Bear

All what changed are:
1- Gold tested neck line already, which was the upper downtrend channel line, this was a confirmation for the down direction.
2- A line was added "Trading line", the pink one, this is the line it tests always for medium term trading.
3- We have now 2 points to care about, 844 "last bottom" and 834.50 "50%" Fibonacci level.
Same points targeted and keep an eye for breaking above the down channel for stopping loss.

Metals : Gold selling new hobby!

Confirming my previous analysis, gold is sliding down so fast, panic is continuing pushing gold down and down to its critical point, it's 38.6% fibonacci level and neck line, that's it, a retracement or a big free fall, but which side is it supposed to be?
A down trend channel already confirmed, it's top line now on 918-922$, so a retracement will not be effective for our shorting positions, it would be dangerous if it break through that level and give a confirmation over 928$ which will support it till 953$, but i don't expect a scenario like this, the one i expect would be a break down through that critical point, taking out the next weak support "872$", what more??!, do dream it yourself, we would having 842$, 789$ and 718$ as a final target for gold.
One thing left to be told, keep your opened short positions, and if you want to be greedy, let's open more after closing under 882$, selling now is a hobby more than just a trading style, at least at the moment, wake up gold lovers.