Gold is gearing up to make a huge move one way or another. So which way will it go?
Buyers continue to test the crucial level of $1,422. In the event that $1,425 prints, shorts and those standing vigilant should briskly drive prices back above $1,450, sending gold on its way to test the multiyear low of $1,523. Not too long ago, gold sliced through that low like a hot knife through butter.
On the other hand, if the gold bulls (or the gold bugs) can't get $1,425 to print, the bears live a bit longer.
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