Where's the bottom for gold?

Question

Where's the bottom for gold?

Answer 1

A few analysts say $775, But other market analysts that are well regarded in the industry. (ECR Research) predict $600-650 before the next big up move.

Answer 2

short term (2-3 months) how about 785 to 900 range

Answer 3

Bob Shark gave you some decent industry opinions.

The truth is nobody knows.  Congratulations on selling out over $1000.

Any kind of a massive geopolitical event could happen which would scare the markets and send Gold back up to the stratosphere.

Without a Black Swan event, however, alot of it depends on the dollar's strength and the world economy in general.  If the dollar continues it's uptick and the world economy continues growing I can see $600.  But if there is continued pressure I would see $750 as a big resistance point.

Good luck to you (don't know if you need it considering where that you sold!)