TIMING IS EVERYTHING

GOLD REPORT FORECASTS:

August 4, 2020: "Striking parallels between the current chart of gold and the one we saw at its previous record high in 2011.”
“The last time gold prices reached new all-time highs, they suffered a big 20% plunge shortly after."
“This is eerily reminiscent of the setup we saw in 2011, the previous all-time high for gold. …the risk/reward is not in favor of the gold bulls at this point."
“A very strong correction could ensue as gold encounters big resistance.”
“Bullish sentiment of traders is at a record high. Such high in sentiment typically occur at tops before a correction…or worse.”
“Current gold market conditions have higher potential to lead to short-term volatility and downside corrections.”

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