GLD falls to its daily 20-MA; markets sell hard going into the close

I said a retest of its neckline would drop GLD to the 20-MA and that's exactly what we got. It's almost to the penny. We could see a bounce to $110.50-111.00. I still favor a breakdown to retest $106-AT LEAST.

*My bearish call from yesterday WAS off, but the DOW has entered into the red on solid volume. But once again a disappointing day by my standards.