Gold has fallen from its recent highs and is correcting, with prior correction patterns showing 50-day moving average serving as support and prior corrections lasting 2-4 months; the current correction should be expected after a $1,000 rally and is not a sign the gold bull market is ending.
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Speaker
Patrick SznaEvidence Quote
“prior corrections found support near that 50-day moving average, which is hovering just below the 3900 level...prior corrections have lasted two to four months. So it's very likely here that we may spend a good chunk of the fourth quarter just grinding it out”
Created: 8/11/2026, 7:54:12 AM
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