Gold’s Next Downside Target Is Around $700… Even if It Breaks Up First

Many analysts have been so excited that gold broke to new highs, above $1,262, in late February. I was excited as well, but for a different reason. I’d forecast that gold could bounce back just above the July 2016 highs of $1,373, to around $1,400 or $1,450. And ANY bounce, no matter how high it went, would be a good place to get rid of any gold you’re still holding.

First published here: Gold’s Next Downside Target Is Around $700… Even if It Breaks Up First