Gold in the long run can dip below $1,000/oz

It looks like the correction of the last decade has not yet ended. The current price movement looks like a B wave of an ABC formation. The price will in be in the price range in the nest days and may go further toward $1,400 but for the longer period, the correction can end below $1,000. If this happens, it will be quite disruptive for the gold market.