Player:
"The gold price could take a hit here and i still expect to retest the 880 range one more time.
The commercial shorts are at an area where they can easily take gold down from here.....to hit the 880 mark would clean out all the recent specs who have come into the market on this run...
Remember here is a treasury sale coming up and gold often gets hit at this time to show everyone the only safe place is treasuries....afterall if people are not buying treasuries then the fed has to monetize them themselves and this would identify hyper inflation sooner than they would like.
So i see gold coming back to test next week or two as the most likely scenario....then higher into april and may..."
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I say we first test the old high before we head down significantly. A playable rally.
Strike
