![](https://cdn.steemitimages.com/DQmR95XR5KxK435pbKvX9eBVE8P7brmhCUWwVBidyyaHPtT/image.png)

When observed at a very large time-scale, it is a lot easier to see the bearish nature of price action in gold. Hope is not a trading plan, so although you would hope and wish that gold will go higher, we need to see this declining resistance line broken before we can get into a long-term bullish stance.