Market Trend Forecast

Gold should be nearing a major bottom

Back in October Market Trend Forecast warned about a likely “ wave 2” correction in Gold. One of their biggest concerns was that the sentiment surveys were running very hot at the time – 88% if advisors polled were bullish on gold.

Gold still at risk of a large downward move before the rally

Gold has been busy consolidating in what I believe will be a 13 Fibonacci month Primary wave 4 correction.