bearish gold confirmed, road to more drop coming GOLD FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) COMEX:GC1! JudyCarrot as you could see in the chart, daily structure is completely no hope mode since gold breaks the liquidity zone (1800-1820), we will see more drop coming this month. here is my previous gold chart analysis, gold has entered the bearish market since last august with monthly indicators topped out. if weekly close below 1800, then I assume we will continue going down to 1750 after a retest of 1797 which is the strong resistance zone , or even retest previous support of the 233 MA on daily chart . beside gold chart, we can also monitor us 10 year and dxy chart to combine the information. as I mentioned before, dxy will take off around mid or late Jan which may also be the timing of cheaper gold . however, us 10 year haven't made a truely breakout. Once us 10 year fully breakout, then gold is very likely to revisit 1670 zone as the breakout price on weekly chart before, with a max potential down to 1560-90 zone to maintain its long term bullish market. once I see bullish confirmation, I will update the new gold chart for next bullish run.