Gold price will go down

Below is gold price chart. I believe, gold price will go down to test the lower yellow trendline as you can see on the chart. It is currently in uptrend channel, so for short term.. gold price will be bearish. The first target to sell and take profit is around 1377.06, breakout of that level will bring the price down further to 1365.91.

Yes, Gold price down to SHIT

As expected in last week during weekend, my fellow friend did mentioned to me that gold price will down to shit. I don't understand how bad its smell will be, but she just said that "gold price will down to shit". And tonight it is happened. Just now, I smell the shit.

At this moment the gold price is at 1334.40. Will it go down further? Or maybe this is a good time to buy and add some stock into our store.

Click here to view the chart

GOLD PRICE WILL DOWN TO SHIT?

Ops,sorry for that rude term in the title post. Just want to express how dip the gold price will go down. I read a few article about gold price today.

Gold tumbles on China rate-rise talk
Why gold is a bad investment?
Gold price down, its not always glitter.

And as we know, yesterday was the day when the gold price dropped sharply.

What to expect on next week? Will the gold price continue to go down? My friend who are selling gold from Public Bank always said that gold is a secure investment because it is always increase in value.