Silverback1v9

Gold Forecast for the winter

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
So with the winter coming up gold will be dropping, it has a tendency to peak in the August-September months and fall going into October. The reasoning behind this is that the mining companies can no longer mine the metal due to the frozen ground, so massive sell offs tend to happen.. I am expecting to see gold collapse to 1374 once it breeches that we will see it push for the high 1200's I currently have strikes at 1444.33, 1434.98, 1427.72 with TP's set too the mid 1300's. Hope this helps or is insightful for some of you.
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