Gold Going Lower

Gold Futures are showing bearish signs with low volume rally into the previous support levels $1675-$1700 which is resistance now.Once $1700 is reached bears will jump with their band wagon once again with their usual gold hating slogans.But once breaking $1600 will takes to lower levels around $1400 which will be the ultimate buy opportunity going forward.I believe it will be back with vengeance to attack $2000 level and will target $3000 by end of summer 2012.

Anyway here's the gold picture for the month of October.



Good Luck Happy Trading.