I believe gold is on its pathway up, and we will see 1500 gold in 2018 but the journey to that level has a lot of up and downs. My personal belief is gold has more room to go down. I believe we go down to 1240-60 range before going back up to the 1300 level again perhaps. If we go back down to 1200, id take this as a bad sign. It would make me question if perhaps this bull market isn't yet a bull market, and we will just simply be stuck in this trading range for a couple of years. I will update you as the time comes with my opinions on the market. You can read past updates to see my accuracy, which is decent for short term predicting as it has been so far.
Current prediction: gold goes down to 1240-1260, i believe 1240 is very likely due to the COT chart with smart money still having high short positions, and the US dollar, having heavy long positions, which I am slightly profiting from buying call options in the last couple of weeks. Small positions, but I am planning on using those profits to buy good zinc company's as zinc is looking like it may be ready to make a new 52 week highs
Happy investing, I will let you know when I am selling my UUP call options to swap them with gold and silver call options.
