Gold price is looking for a technical correction

New York (Aug 31)  Gold is overextended, due for a healthy bull-market correction over the near-term. Its technicals are way too overbought, and its sentiment way too greedy. Too many buy-ers have flooded in too quickly, exhausting gold’s near-term upside potential. My best guess is a 6%-to-12% gold selloff, which the major gold stocks will leverage likeusual by 2x to 3x. That will rebalance sentiment, paving the way for far-bigger future gains.

ZealNews