We are watching gold too. Some analyst are saying it is possible to drop gold down to as low as $1475-$1525? is that possible? of coarse, anything is possible haha. These analysts are basing this according to the charts, that it will match the low before gold popped to the ~$1900 level.
Before, we were expecting to see something like a head and shoulder, but it is slightly off because gold had dropped through $1650. As of today, gold did break the 200ma support line but gold is back up over $1650 which was the previous yearly low.
We are still 100% bullish on gold for the end of the year and we do expect it to shoot pass $2000.
You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.
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