XAU DEC 10- DEC 15

It has been quite the fall from last weeks impressive ATH all the way back to just below the 2K mark. With lots of big news coming in the next week GOLD is sure to experience either another large drop or a retest of the ATH. We may see a retracement to the golden Fib zone around 2016 and then a decline down to the 1980 and below, or we may see the Bullion blast through anything in its path to retest 2149. Happy trading to all and always trade with good risk management!