Gold to decline back to $1200 valuation

Gold has been struggling to break the $1300 in 2017, and in these past 7 months, the highest point it has ever reached and since been its resistance point is the $1296 area.

With the current political states in America in shambles as it struggles to gain control and provide valuable inputs to the economy, it's surprising that Gold hasn't increase much in valuation.

Now with the current valuation of $1257, it's nearing one of its resistance point of $1263 and i'm foreseeing another decline back to the $1200 mark as US economy recovers from the recent setback in healthcare bill and also weak economic data.

To note: R1 at 1263.71 and R2 at 1296.57