The Gold price deep correction started. The Gold price may fall
The Gold correction after the serial of 4 consecutive months of rise is over. It is the time for deep correction down below $1850. Later is possible the bottom to down to $1790 where the down movement is about to end.
These 4-months of Gold rise was widely expecting due to the starting new stimulus for the economy. The major central banks continue with infusion of fresh cash flows. These flows already start the inflation. It is time for correction of the Gold price as the reach of levels of $1850 and $1790 may happens within 1-week time and continues about a month or one month and half at levels below $1850.
We cuts long positions and open short with expecting wins of at least $100 per ounce.
These 4-months of Gold rise was widely expecting due to the starting new stimulus for the economy. The major central banks continue with infusion of fresh cash flows. These flows already start the inflation. It is time for correction of the Gold price as the reach of levels of $1850 and $1790 may happens within 1-week time and continues about a month or one month and half at levels below $1850.
We cuts long positions and open short with expecting wins of at least $100 per ounce.
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