The Gold market came crashing down this Monday morning by the mind-blowing 4%. The yellow metal passed a 5-year low hitting as low as $1,071.28 and regained some of its shine to currently trade at around $1,112-$1,116/oz.
Gold bugs are caught by surprise and is expected that this week would be heavily volatile.
Charts: W1, H1
It's headed for target 1000.00.
ReplyDeleteWhat a drop in the Gold price.
ReplyDeleteGold collapsed today, China reserves went down.
ReplyDeleteVery Good Gold analysis.
ReplyDelete