A clear bearish divergence between the price and the momentum indicator supports the bearish bias.

The clear bullish divergence between the price and the momentum indicator supports the short-term bullish bias.

The clear bearish divergence between the price and the momentum indicator support the bearish view.

Establish a known baseline condition and manage it

Establish a known baseline condition and manage it.

Gold speculators cut their bullish net positions back down this week

When a bull position is closed a bear position must be opened and vice versa.

Things are quite choppy right now but the bearish bias is intact.

If you open a short bet position, you are hoping for the price to decline.

There was a large pullback on Friday, which put more emphasis on the recent bearish bias.

Unless price falls from this point to help lay more emphasis on the extent bearish bias on the market, there would be a threat to the bearish bias once the supply level at 110.50 is breached to the upside.

As the price remains below 1.1960 price area, the bearish bias is expected to continue further.

As the price remains below the 1.52 price area, the bearish bias is expected to continue further.

As the price remains below 1.3340 resistance area, the bearish bias is expected to continue further.

As the price remains below the 0.9770 resistance level the bearish bias is expected to continue further.