+44 7710 369 208 cliff@cliff-green.com

After consolidating within a broad and choppy trading range for the past 9 months Gold has broken decisively to the downside fully confirming resumption of the main bear cycle. Chart measurements confirm targets of initially 1080 then 1050 although eventual tests closer to the 1000 region are likely. Immediate recovery attempts should now be restricted to sharp but short lived corrective bounces only with resistance waiting around 1130.