Gold still more downside to go. I am looking for a bottom in the July trading range. The Fib 61.8, 50, 31.8 all come in those ranges and there is a lot of strong support there. Whats probably going to happen is Gold will continue to go down until the FED resumes its rate cuts, which it will. Then I October there is also potential for Negative news with trade talks.
We are likely looking at an ABC correction. I am looking for a bottom between 1380 and 1445.
We are likely looking at an ABC correction. I am looking for a bottom between 1380 and 1445.
