So I've been thinking a lot about gold price.
Here is a monthly chart:
I think there are 3 possible outcomes:
1. Price explodes to 2000$ in the matter of 4 - 5 weeks, after which pulls back to mid 1600s for a long period of time with short time fluctuations.
2. Price drops to 1350 - a massive support area and stops there.
3. The outcome I hope for - gold falls way back to 780 then sky rockets to god knows how much. Perhaps evern more than 2000$, after which a pullback to 2000$ expected. 2000$ would definitely be the new massive support area. If that happens - buy 1 year AU options.