Gold going to 1011? - Week, 500 - Year, 1500 - later

With the gold price retracing to previous day's high, see the possibility of a stronger downward fall. Expect gold price to reach around 1011 and then retrace to 1071 before continuing to go down further. Until the gold price crosses previous week's high, i'll continue to believe on gold price falling, may be a stronger fall with the pull back to higher price. If the gold price crosses last Friday's high, i'll rethink about my belief!