Outlook on Gold Prices

In line with my analysis on gold prices, as posted in my last post on outlook on Gold Prices, the prices of gold had fallen considerably.

After falling down up to $1150, it has got a small bounce back and prices are trading at around $1200.

Any price at or above $1200 should be an golden opportunity to sell or to build fresh shorts.

Prices are expected to fall further in coming 4-5 months up to $1100, and talking about next 9-12 months they may fall up to or below $1000.

We should not forget that gold is trading in medium to long term bearish trend which will last till the time gold prices doesn't make its bottom at around $800-$900. Hence, and bullish position in gold should be settled at every bounce in prices and fresh long positions in gold should be strictly avoided.