XAUUSDANALYST

XAUUSDANALYST

As per yesterdays life time high Gold was taken down with a serious of hard selling almost 60$ downfall. The current swing high and swing low zone is approx. 50 $ price gap. Gold is yet to test higher highs and we expect the Gold to hit 2800$ in coming 2 months.

XAUUSDANALYST

As quoted yester day about 41 $ downward movement, today we can see that its already 28$ low from gold 2 days previous high. Gold will have to take a break of atleast 40 % retracement downward from its recent high in order to take new high. FED interest is already booming the gold up, but to boom up streams gold as to accumulate buyers from fair value price....

XAUUSDANALYST

What I believe is before this to happen ie all say gold to sky rocket high, i believe that gold will trash down drastically around 40$ from current high ! lets see can this happen ?