Gold to breakdown under resistance for Slingshot
According to Martin Armstrong, for the best-case gold price target of $5k+ per ounce we would be best to see a breakdown below the current long-term support to see $1045 to form a slingshot move.
Providing we see a topping in the near-term for current resistance to hold, it would be looking bearish for perhaps 10 months to fall back below support.
Providing we see a topping in the near-term for current resistance to hold, it would be looking bearish for perhaps 10 months to fall back below support.
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