Monthly Reversal in Gold Price and Gold’s Outlook

From goldpriceforecast.com

In Friday’s analysis, I wrote that gold price was likely about to form a monthly reversal – and now it’s a fact. Will gold slide? Most likely, yes. I explain the reasons in detail in Friday’s premium analysis, but to make a long story short, the single fact that we just saw a powerful monthly reversal makes it very likely. chart April is now completely over, so it’s not a supposed reversal but a real one. And just as this kind of price movement started a powerful price slide in 2008, it’s quite likely to trigger big declines in the following weeks / months. Why would that be the case? Let’s remember ... (full story)