Gold is ready to tumble to $1,810 before the rise

If you haven't followed my analyses for the last 15 years.

You'll know, I am a BIG gold bull.

Yes I know gold hasn't performed as well as it did in the 50s, 60s, 90s etc...

But it's the tortoise of commodities with the algorithms, the exposure in longs and shorts and with the greater variety of safe-havens.

But Gold will eventually head up to $100,000 eventually.

It's a waiting game.

For traders however, there is a short opportunity for downside which looks juicy on the radar.

We see an Inv Cup and Handle on the daily. The price has broken below the brim level, and there is a current test on the resistance.

It could even break above the brim and head and test the downtrend line. But right now the opportunity is leaning more to a short and downside to come.

Other indicators confirm.
21>7
Price>200 (Price heading to this level)
RSI<50 and lower highs (Sell divergence).

My first target is down to $1,810 then we will re-evaluate the next opportunity.