as we can see that the 1850 is not strong enough to withstand too heavy a load, is this decline just a correction or a reversal? but while still above 1800 my view is still bullish for gold. while on the one hand the fed will run a tapering and will be followed by an increase in interest rates which is to reduce inflation. as we know all countries will experience inflation and this is natural because of human growth and of course the increase in income will certainly be a lot of money circulating while commodity goods will become increasingly scarce. Selling is only temporary because gold doesn't die, it just sleeps and if gold wakes up, you will perish with its savagery