Gold continues to slide today in a fervent and forceful retracement toward the lower trend line. However, gold still remains within a bull trend. The following two charts clearly depict this retracement and bull trend. Depending upon when the price reaches that lower trend line, it should occur somewhere in the range of $850-$900/oz. Of course, global events could always change the course of prices at any times. Anything can happen!
Intraday chart
Daily chart
