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As i had mentioned about the high volatility in gold prices in my previous posts, expect the gold price to reach around 1149 this week end. The most obvious is that the price could continue to fall down without any retracements. But expect the gold price to range side wards for a week at least before beginning to fall. If the gold price stays at this level and manages to reach 1149 only next week, then there are chances that the gold price could be going towards 1500 and not 750. As of now, still believe that the gold price is going towards 750 but there could be a retracement to 1149.
