The moves in the gold market during the past month have been insane. We\u2019ve seen a false breakout, a crash and then a false breakdown. It all comes down to where you close the period. The fact that gold rallied back to its pre-crash peak is quite encouraging. It recovered all of its losses and got back to its previous point. Therefore, that\u2019s reason for great optimism. <\/p>\n
While the volatility has made it difficult to get a bead on the market’s direction, the trend remains upward. Jordan says it could still go a bit lower, but after the retest it will likely head much much higher.<\/p>\n