GOLD 0.51% $1,391.7 gold futures

Keep in min d that the correction low I cite of USD1800-2000 may...

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    Keep in min d that the correction low I cite of USD1800-2000 may never be reached. I only raise that target because COMEX gold has a gap from the rise off the October 2023 low at USD1849. I have never in my >40 years never seen a gap not get filled sooner or later.

    That gap WILL get filled and may get filled on that correction if there is a sudden catastrophic collapse in markets that takes everything down. If that were to occur then it would be a very short lived spike low for gold.
    I remember back during the GFC gold spiked lower in Asian trading on the Friday morning to around $780 from memory. I remember saying to the boys that if gold reversed tonight then the lows were in and it would take off. Sure enough by the London open gold had recovered almost all of its Asian losses and by NY open it off to the races.

    This year is likely shaping up as one of the most historic years on record for the gold sector from a trading perspective.
 
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