Gold is so overbought...get your 1 year and 3 month charts out...Gold will not hit $1,000.00 again...great sell/short opps await for Gold traders..imo...
Some of us are long, some of us are short. Some say it's ready to take off, some say ready to collapse. In the next several months, one group of us will have done very well, and the other, not so much. Fun!
I let someone else guess the bottoms and tops and just try to make little in between. But to answer your ques, if Gold breaks thru resistance at 890-920 then I say there is a chance of 1200. JMO.
Well...what do you see in the charts that indicates a selloff AND...that gold will never see 1000. again? You tell me! Because I think you are high lol
sorry, but how does today's pullback confirm that gold will not hit $1000 again? If you're depending strictly on charts, you'd better be doing short term trading only, because the fundamentals say long term gold will most certainly break $1000 this year.
When the euro rates are also 0% there won't be any paper left that pays interest. When paper pays less than the risk of debasement, its time to own metal.
I can only hope you will be proven correct, specifically the shakeout in metals. Currency values are just an illussion now, and it's simply a matter of time before it is shattered.