I think we’re going to see a sharp move up in gold price soon. There could still be some downside (maybe $30-$50), but the clues are there in the technical indicators. This is what I’m seeing (notes on each chart should explain everything).

 

It may come across that I’m a bull, no matter what, but I’m not. This is my honest interpretation of what I’m seeing. It could be completely wrong, of course, but it’s my honest view.