Gold, like all other assets, do not go up / down in a straight line. Even if you beleive that it’s heading towards $2000 an ounce, it will go up, stop, come back down, consolidate in a range, then rise again.
As frustrating as it may be, gold reached its latest peak in May and it’s only been 3 months. Three months is not unusually long for gold to consolidate before it resumes its uptrend (if it does). This essay looks at the 6 up,down,consolidate cycles in the past 5 years: http://www.zealllc.com/2006/gamehui.htm
