Gold Forecast December 12, 2016, Technical Analysis
The gold market fell slightly during the day on Friday, as we continue to reach down towards the $1150 level below. I think we go much lower, and any time could find bounces they give us an opportunity to take advantage of “value” in the US dollar. I don’t have any interest in buying gold, we started to we break clearly above the $1200 level, and that certainly isn’t going to happen anytime soon. Ultimately, this is a “sell only” market going forward, and I think could be one of those markets that gives you opportunities again and again.