For some time now we've been outlining how we expected #GOLD to drop. Specifically on September 13th's editions of the Araujo Report we outlined how we expected the price of #GOLD to drop from the consolidation we were seeing on the weekly chart.
Have a look!
And what took place with price?
Why do I point this out? There were a ton of traders/analysis that were predicting a move higher in #GOLD and if you don't know what you should be looking at then you'd get the direction wrong as well.
Then there are many thinking #GOLD will drop very hard to massive lows and again, these analysts will be wrong because they are not seeing what they should be seeing.