Should we buy Gold or sell? - time to sell

Last Friday, prices of precious metals skyrocketed. The gold market is buzzing. Positive opinions and news about the gold market are pouring out like floods. There are also many predictions of how high the gold price will go. The atmosphere is heated. What all these mean?

Gold prices have been rising since August last year. It has risen to an uncomfortable level. How high will the gold price go up? Perhaps, it would be difficult to climb higher than 1316 dollars. It seems that it is time to sell gold.

[Gold price weekly chart, XAUUSD]
Should we buy Gold or sell? - time to sell