Gold is more of an undervalued asset right now and market participants would soon start to allocate some of their fund into it as they always have. Gold prices have been declining for quite a while now, we are at a critical level of support. If we break that $1,140 level we might see a quick wash out down to $1,125 and even possibly $1,100.
Good tip.
ReplyDeleteImpressive drop today!
ReplyDeleteGreat post! Congratulations.
ReplyDeleteImporant information, will have it in mind!
ReplyDeleteThe bearish trend will probably continue for now.
ReplyDeleteGreat post.
ReplyDeleteVery Useful post.
ReplyDeleteBig drop.
ReplyDelete