gold breaking out, page-17

My interpretation of the gold chart in it's simplest terms (often the most reliable). Needs to break the upper channle trendline where the asterix is.

I dont like the angle of the channel, it looks like a counter trend pull back, but with inflation on the rise and now hitting the bitumen as per ISM price figures released last night, theres a chance POG may break out of this channel.

[URL=http://img35.imageshack.us/i/goldchartasterix.png/][/URL]