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As the gold price went beyond my expectation of 1118, threatening to wipe out the demo account, i still see the possibility of the gold price going down more probable than it going up. If it goes up, expect it to go up to 1500. I had mentioned in my eurusd post that the downward price movement would be highly volatile and see the up tick last week in gold price as a part of that. Hence keeping the same title for my post, though it could go lower than 934, if the gold price goes down. If the gold price go up, it would be swift and enormous that 3 MN candles would cover literally last 3 years of downward movement.
