GC (Gold) short downtrend continued by strong uptrend.

Classic gold when breaking down in a bearish channel . We'll see a nice slide downwards in to the heavy "demand" zone continued with an absorption and then expect a bullish channel formation with a nice move upwards. Rinse and repeat with gold. Of course there is always the chance these support levels dont hold (paired with bearish news) and we get a nasty breakdown. Watch key levels marked on the chart for buy areas.

Comment:

*Apologies, first chart post was cutting off indicators. This is the UPDATED version.*