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.

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