1. (Yesterday’s (Thurs., Oct. 30) Dec. gold update indicated that the forecast wide-open break in gold was expected to continue from the then current price of approximately $1200 down to $1189/$88 (or lower) prior to the ending of the forecast decline.
2. Today’s Dec. gold completed the $1189/$88 downside target and continued lower to $1160.50, producing a near 60 point break from $1219.00 original starting point. This is an important development. Will message any further entry or indication in Dec. gold.
1. Today’s break below the critical $1219 level resulted in the forecast wide-open break to the downside, noted in previous reports.
2. The current decline is expected to test/attempt $1189/$88 (or lower) prior to its ending. New entry will be messaged in tomorrow’s (Fri., Oct. 31) session as the market confirms.