Since the end of 2011, we have seen a bearish trend in the gold market. Despite the rising demand for gold, we see that the price of gold is falling. Since August we see that the gold price has gone through the first resistance followed by a downward trend. This trend has risen above the first resistance, which is a sign that gold wants to continue this bullish trend.
@monitorr, I think now it is a good moment because I think the chart will increase in the long term. It always will have its falls but you need to look at the bigger picture.