Gold is right down at a critical support level around the 1220 mark at the moment, it has recently always bounced from these levels...of course its Gold so who the he** knows what it will do!, if it can't bounce from this level there is a long way for it to fall until the next support level.
I probably should not have included the 24% figure, as it is a bit like comparing apples with oranges, the Yen is not the worlds reserve currency, my bad.
Gut feeling, I don't think you will be seeing 85cents if Gold can hold over 1220, if you do, that beeping sound will probably be me backing up the truck, I had the chance to get in at close to 85c and let it pass, duh!, I even posted at 89c that I would probably regret not buying today.
DYOR, I make things up and like to gamble.
Gold is right down at a critical support level around the 1220...
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