Gold has lots of momentum to the downside. Their is lot of downside to be given, believe the liquidity is still their hiding waiting to be taken. The levels are obvious, and I would bet on it that gold goes further with the bears. The retracement shows their is potential to fall further. Plus the trend and key level is right about on point for more action back from gold. Their are no higher lows being made I trust gold to drop, if the trendline is tested to create higher lows then and only then will I believe in reversal.