New lows in gold for 2017?

GC1! has pretty much proven the 2016 rally was just a reaction high. We'll have confirmation if we close year end below 1307. A close below the 1179 quarterly bearish for year end would raise the probability of new lows DRAMATICALLY.

Would be great value if we could get a pullback to the previously elected monthly bearish level (1242.1) and 50/60 ema. That move would most likely coincide with a pullback in the DXY -0.14% and $DJY0 to their fib/ema areas.

As Marty always says, just watch the numbers.