$50 cents club, page-39

"The gold market is seeing solid selling pressure after failing to hold its ground at $2,400 an ounce. Although the market has room to fall lower during the summer, one market analyst says that the precious metal remains in a solid position to rally by year-end.
In an interview with ***** News, Chantell Schieven, Head of Research at Capitalight Research, said that not only is gold technically overbought, but it has also started its historical seasonal weak period. In this environment, Schieven noted that she sees gold prices potentially falling back to $2,150 an ounce, representing the March breakout level.
Although Schieven is looking for a correction in gold in the next few months, she remains a long-term bull. She said she is raising her year-end price target to $2,500 an ounce, up from $2,400 an ounce."

Now that's what I call a "reversal candle" = 3.35% down in one day = buckle up, turbulence ahead .... RED's SP has peaked.
Technically 40c is critical support .... nothing is certain in life except death, taxes and what goes up will come down.
But fear not, hope springs eternal in the breast of 'gold bugs' experts .....