Gold has been on an absolute rip to the upside since the March liquidity crunch. That being said, this run got ahead of itself and pulled in some dumb money + weak hands. Speculation took over and can be seen from the increasingly sharp growth over the last few weeks. We rode the upper range of the Bollinger Bands until recently and I see an incoming correction back to the mean.
- Buy Zone: $1700 - $1850
- Months of consolidation: 2-3 - Bottom in October/November
- Longterm Outlook: EXTREMELY Bullish