kaotic363

Gold to test $1000 this year

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Breakdown from defending triangle and once $1200 breaks, $gold looks to dive quickly to $1000. Perhaps a minor rebound this summer to $1270-80 range before falling further. Should $1000 support give way in a decisive manner, then look out below. Could then head to $750 before consolidating in a long-term price range of $400-500. $Gold just has a really bad feel to it now. Several catalysts to rally hard the last few years and none ever panned out.
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