Gold made a very big move up in a very short period of time...It has been a few years since gold has had a move this big and this fast...The Federal Reserve has no choice but to lower rates at this point...If the Fed doesn't announce a rate cut in the next Fed meeting the markets will crash hard the day of the meeting...once there is confirmation that the Fed is going to 100% lower interest rates, Gold will probably break the red resistance line and move to retest 1380 for the long term resistance...depending on how many basis points the Fed decides to cut will dictate how fast gold reaches and breaks the 1380 mark...I think the Fed is going to drop rates only 25 basis points just to test out the effects it will have on the markets...if the markets are expecting 50-100 basis points then they will probably not make new highs or react too positively...If the fed is more dovish than i expect and goes all in with a 50-100 point cut then markets will likely start the blow of top to finish off the bull market is equities...gold will start another bull maket to new all time highs as well...we should hear more about how many basis points the fed is going to cut soon...my bet is 25 basis points to start out...