8:42 AM PDST

Gold has now formed a down trend channel short term (white lines) and an up channel within it (blue lines) this is a pattern that should resolve DOWN! the blue up channel that is the white channel is already pointing down! gold is on the lower line of the blue channel and could fall further before the close of the day session... The dollar is still way too strong and oil is way too weak. the Euro just does what gold does and vice versa...the run together usually the Euro leads gold a bit... More to come...