Gold reversing the last week correction

The news that warren buffet has joined the gold rush and turning some of the firm investment in Gold are giving a boost for the precious metal.

Gold has fallen sharply last week after reaching all time high at 2060$ area. Gold found support at 1860$ area and reversed back up sharply to trade currently at 2000$ area again.

I dont believe this reversal will last long , we will have some range trading between 1930$ and 2020$ area for a long while before breaking below 1860$.

This view is invalidate if gold breaks above 2020$ area.

Comments

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