Gold will move down to 2 yeas low $1121

I think the price has big chance to move down because:

1. Long — term trend is bearish on XAU/USD + Major currencies (EUR, CAD, CHF, AUD, NZD, JPY)
2. The price is in a range. In sideways moving big players accumulate their positions.
3. We have the same situation, exchange rate 1,5 month was in the range, that means if the price will break down key level $1180 there will next price decreasing to 2years low $1121.
4. US economy becomes stronger, Stocks growing up. Gold increase it's price when will start a new economic crisis.
5. Big players before economic crisis want to make GOLD and BTC as low as it can be, to accumulate position at the lower prices.
6. How many times the price bounced down from $1214? It looks like someone hold it and didn't let to move up.

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Komentarz:

Price moved down $10, it so cloe to key level $1180