Buying the dip in gold worked out handsomely for gold bulls but support will break in the coming weeks. Just a warning for folks who don't want to be stuck in a losing position for several weeks. Once gold breaks below 1200 it will eventually find its way to 1150 thereby attracting buyers again, at least that is what big money and equities are signaling. Cloudy days ahead for gold
to put it in perspective, gold would need to enter 1509 From now until December 2018 in order for economy to be in a recession. It's getting awfully close considering we just entered a bullish cycle. that's about 10.27 points per month for the next 15 months.............buy the dips.
Gold finally kissed near 1300$ as it made low at 1305$ , remember we are cautious since 1355$ . We were aiming for 1300$ and now its done . Will exit all positions now and wait for another entry . :clap::clap::clap::clap: