• Lowered stop to $1599, thereby locking in further profits. Gold has just breached its multi-month channel support and now targets key level at $1522 (29th Dec swing low). This area will decide Gold’s fate over the next coming weeks. • A sustained confirmation beneath here would reactivate the risk for a much larger decline that we have been anticipating. Keep in mind that our cycle analysis continues to highlight downside targets into $1460 and $1300. • This would likely trigger a temporary, but dramatic setback that would ultimately offer a unique tactical buying opportunity into the coming summer/autumn months of ... (full story)