forget deflation .. inflation set to soar .., page-212

Better described as a descending broadening wedge which can have a positive resolution.
Here's a good online comment.

One of my favourite commentators on Gold, Alf Field, seemed to be saying that Gold is coming out of a major wave TWO correction. If you go to stockcharts.com and chart 2 year weekly $GOLD, well what I choose to see there is a 1,2,3,4,5 wave pattern within the corrective descending broadening wedge, which is also the corrective major wave TWO . Major wave TWO ends on the low around $680.
On the weekly chart you'll also find divergent positive developments in the RSI, MACD, and full stochastic indicators.