CEO
As I have posted many times on PRU
Current chart is very similar to the 2016 double top with gold finally heading down to $1120
The market likes to surprise and things could be different but this time.
But also there is the 6 monthly
Bottom to come in play
It will come between end of May and early July.
So I don't see enough time to head up to new highs and come back to bottom.
There could be enough time to test $1350
again before heading down.
But more likely gold will trend down slowly to $1280 or below before heading up again.
I am very bullish on gold long term but the run up will take time
I expect $1400 to come before the end of this year but plenty of peaks and valleys before then.
Cheers.
AQG Price at posting:
$2.07 Sentiment: Hold Disclosure: Held
