Stay short all gold miners He pointed out, however, that despite this sharp pullback, “gold's recent rally since last October means that even a drop to $2,400 would represent only a correction, bringing the price back to the 200-day moving average. At the current pace of decline, gold could reach this level before the end of the year.”
In terms of the technical picture, Kuptsikevich said that a significant bearish signal has emerged on the weekly