Where is Gold headed?

Gold remains in an inverted Head and Shoulder formation on the weekly and daily charts which is extremely bullish.  Gold is experiencing a brief pull back and any weakness below 930 should be viewed as a buying opportunity.  Down side resistance is formed at 918

and then at 901 (38.2 Fib retracement) with further downside at 860 (50% Fib retracement). All those noted downside levels would be great buying opportunities.

Weekly Gold Chart:

The daily chart looks a little more telling with 925 as a key resistance point.  If 925 is broken,

look to 900 to offer support. 

Daily Gold Chart:

Like I said previously.   Anything below 930 should be seen as a buying opportunity.  Even if gold falls to 860 or below, you should be loading up and waiting for the next leg up that will push gold between 1200 and 1500.