News

Gold april1Gold Forecast – April 1, 2016

Gold continues to follow the expected path almost to perfection. We’re currently looking for a bottom near 1,191 before the next rally higher towards 1,350 as the ideal upside target for the first impulsive rally of the 1,046 low. This will mark wave A of a more prolonged corrective upcycle that will take us back to at least 1,391 and likely even closer to 1,434 before renewed downside pressure is likely to take over again.

Add Comment

Your email address will not be published. Required fields are marked *