“I could not write a more bullish gold technical scenario than the one the gold market is acting out all on its own. One more decline below $1,000.00 and this gold chart will become a classic, extremely rare, near perfect example of a Running Flat Correction. If gold declines to approximately the $924.80 level we will be witness to perfection. The $924.80 level represents a decline measured from the bottom of the triangle that would be equal to the width of the triangle. A decline beneath $1,000.00 for gold should get rid of every gold bug that the gold bull could possibly kick off of his back. The $924.80 level is a projection for a bottom to the Running Flat Correction. Once the correction has bottomed it is my opinion that it will be very difficult emotionally for would be buyers to buy. I expect the turnaround and move up to be dynamic and provide little opportunity to buy unless orders are placed to buy at the market! Silver, the HUI, XAU, GDX, and various precious metal shares should be putting on a dynamic show of their own. A decline in gold to beneath $1,000.00 and a bottom in the vicinity of $924.80 will be our signal that the gold bull is not only alive and well but raring to go!” Ron R.
http://www.321gold.com/editorials/rosen/rosen090815.pdf