Our analysis is always based on price and charts. We look at participant behavior and determine where the risk reward is best.

GOLD has a bearish, long term structure. We will not participate in this trade unless we see very specific levels. We want to BUY GOLD and hold it, but we are waiting for the proper level for a long term, 20X trade. We feel that level is 1525.00.

We want to let this corrective move lower complete its cycle. We are constantly monitoring price to see if there are any changes to our long-term forecast. For now, it is in place.