GOLD 0.51% $1,391.7 gold futures

My opinion , Gold decline is temporary and it would bounce back...

  1. 104 Posts.
    My opinion , Gold decline is temporary and it would bounce back very hard, may be his time it would go up to1300 ,since last month ,swing in gold is very wild ,it went to1180 then bounce back quickly 1250. I feel, time has come for gold . These swing is a part of big move in gold , maeket forces would fight hard, these swing would bring big opportunities to make money. If gold backto1300 by next few weeks it means gold heading towards 1400 short term if not Gold would be in trouble. As long high US debt is here, Gold would not go down forever, it can be pushed down to 1000 but it would bounce back hard from low point may be upto1500 , when US Start decreasing its debt or have solid plan to get rid of debt then Gold would crash forver.
 
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