Looking at the smart money, their shorts are starting to get heavy. I will make this post short since i am away for the weekend on a mountain but it looks like gold has limited room to run, i can see it touching 1350 though but it needs a pullback soon. Of course with the dollar making a new low it looks like, this could allow for gold to run quite a bit more. I called gold a buying level at the 1255 and soon we may have a small window as a selling opportunity at 1350 ish level depending what the dollar does. I think it may bounce from its low but if it doesnt, you know what to expect. Perhaps 1300 level will be retested. Gold could run as high as 2016s high before a pullback comes into play. Ill update my thoughts next week.
