Gold price well set to fall to 700. With every passing candle ranging at the current price level, the level 2 set up is slowly turning into a SELL set up, where the upward retracement before the fall seems more remote. The gold price seems set to reach a price level of 700 in the next 3 to 4 months, which should set the direction for next year's price movements. Obviously the breach of the previous low of the year 1064 should happen with a spike and huge fall that we might have to wait for some months before a decent upward price movement. As mentioned in my old posts, the fall of gold price to levels like 700 and more is a bad sign for the world in the coming years.
