Gold Buying Opportunity

We might be moving into a minor daily cycle low. Gold came within a few dollars of its all-time record high and a profit taking event is underway here. Gold potential spots for a pullback bottom is around the $1,960 area but a more likely spot is the $1,920 area for the daily cycle low to bottom.

Then gold is going to break through the gigantic cup and handle meaning that $5,000 to $10,000/oz gold is coming, not right away, but in the coming years.

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