All eyes on gold! Here is a link to Chris Kimble's last update. And below is his latest.

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Chris comments: I have pointed out for several weeks that gold has been forming a rising wedge, and two-thirds of the time this is a bearish pattern.

We saw on June 26th that Gold was facing critical Fibonacci time and date points that suggested a peak in prices.

The bottom of a small wedge has been taken out. Now gold faces a support line that dates all the way back to late 2008!

For those long, this is a MAJOR risk management line in the sand.

For those who chose to score on defense two weeks ago, you've enjoyed gains. If support is taken out, the gains could become MUCH LARGER!