Is the trend in gold down as some analysts have already declared it? I know a few people who would deny that the trend is down, a few more who would claim that the trend is sideways and even some that would insist the trend is up. I even know some people who belong in the category “I don’t care since a trend is only defined in hindsight”. These differences arise from the adoption of different timeframes, trading styles and/or investment horizons. Thus, defining the trend without defining those other things is like showing an equation without defining its variables.
