"I expect they will gap down. Big money used Friday’s rally to exit and get out of the way so it will be panicked retail money on Monday that bought the Friday rally trying to exit and that should cause a gap down and then a lot of selling as gold moves down into it’s DCL.................. This is going to be a scary correction because a lot of traders were forced to chase on the way up. All of them must now be stopped out before the cycle can bottom................. Gold is already closing in on $1200 and the 5 day RSI is just barely below overbought. It needs to go all the way to oversold before a bottom...................... A 50% retracement takes gold to $1150. A 62% retracement takes gold to $1130 and the 200 DMA.................. I suspect by the time this is over no one who said they were going to buy the DCL will actually be able to do it."