Gold price could easily drop toward the 200-day moving average – between $1,500 and $1,600

Marc Faber : “ I am not selling any gold but traders should realize the gold price is extremely overbought,” , “and that it could easily drop toward the 200-day moving average – that is, between $1,500 and $1,600 .” - India-based Business Standard reported Faber saying at a Mumbai conference