But, the charts are setting up for a bullish move that could take the Gold sharply higher.
Look at the chart on gold, it's broken above its trend line going all the way back to those 2011 highs.
It now needs to break a key resistance level in order for it to take off, that may be the huge move to suppress the gold price on the comex.
If we break above the key level of $1,380. The top in 2014, 2016, 2017 and 2018. When you get multiple touches over several different years, when you break above that level, it confirms that the long-term trend has changed,
Gold would need to rally 6 percent to get back to $1,380 not much at all considering the performance and weakness about to plague the stock market.