Looks like the bleeding has slowed on Gold, is now a good time to jump in?
Speculation I’ve read so far is that the Fed will almost certainly raise rates this week. That will weaken the USD ending its short term up trend started in February, possibly breaking out of the longer trend started in May.
Gold is inversely related to the USD, so the drop in Gold this month is due to the above points already being factored in.
$1180 to $2000 looks like a buy level for Gold to me. I’m also looking at Silver and Platinum which finished flat and up respectively yesterday.