Gold Price sub $1300 by March?

Dear Steemit friends,

Today, I would like to point your attention to the cautionary signs on the gold price chart.

Gold has been doing well since August, and it is getting close to overbought area. Gold price might still rise for a while, but soon enough it will need to cool down. Some other cautionary factors include the stretch far above 50-day moving average, and the current duration of the ongoing cycle of over 5 months.

Usually, these cycles last for about half a year, so the current one might be due for a finish with a decline sometime soon. I expect the correction to take gold below $1300.

What do you guys think? Am I missing the beginning of a huge run in gold? Is gold going straight to $1400?