Where the gold is price is going?

[Weizfx]

Few weeks ago, when the gold traded around $1800, Bernanke said that this prices reflected a bubble in gold and his words crashed the precious metal all the way down to $1600. Do you think the gold can get back to $1800 son? Please explain why.

 

[Enivid]

I don't think so. The gold looks to be in a downtrend still with the next medium-term target near $1,500/oz.

 

[mr.gardner]

I think that a reasonable target of the gold price is 1700 but 1800 is quite unsafe target. I would prefer short term trading for this financial instrument.

 

[Fxpipper]

I would say around 1650/oz, for the near term..

 

[Tony Crey]

I think it'll get back to $1800