$450 -$500 area is major support as it was major resistance going back to 1983.Since gold didn't make new highs in this time of peak fear it should crash to major support like oil did as it went down and through $40 from $147.Gold is long term bullish as is oil but many weak hands will be selling until the few hard core gold bulls remain.I believe a test of $450-$500 is a good and healthy thing in a gold bull cycle that could last another decade or more.
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