How Low Can Gold Futures Go?

From goldpriceforecast.com

Looking at the above charts, we see that although bulls hit a fresh all-time high yesterday, they didn't close the day above the previous peaks. In this way, they invalidated the earlier breakout, which translated into a sharp move to the downside. As you can see on the charts, thanks to this price action, the futures dived under the lower border of the green rising trend channel (marked on the daily chart), which opened the way to the next support area—marked with green on both charts around $2,880-$2,895. Therefore, if the barrier of $2,900 does not stop the bulls, we'll likely see the price there in the very ... (full story)