Gold broke $600 and free fall to $567

A terrible sell off initiated after Gold has missed the $600 support. Investors worried about the interest hike will turn capital move away from gold to bond. Gold dropped a terrible $36 to $567. The $575 target was reached in a single day.

Gold has done nearly a 61.8% correction of the total rise. Further drop is possible but unlikly to break down further below $540, since a Gold bull run normally last for 14 years, and it is only in the middle of the bull run. I have confidence Gold will rise back to over $700, and go over $850 in 2 years.