The Volatility in Gold has been Decreasing since about mid April, I've posted a daily chart with Bollinger bands below. As the volatility decreases, the bands compress indicating a big breakout is pending.

There is also a triangle in play on Gold, which looks to be a bearish B wave triangle, which will leads into the C wave continuing the down trend which started on March 16 @ 1388.

First targets for this move would be around 1200, with possibility to go much lower.

A close above the upper band negates the bearish move and is indicative of a bullish move.

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