If the XGD hits 7,000 (Monday?) which is about 6.5% higher, we have a breakout above a triple top on the short term chart. We also have a breakout of consolidation on the longer term chart. And the double bottom in the US gold price is confirmed. Needs to continue to $1,963 to break out of consolidation on the short term chart. The last time we had a double bottom on the US gold price chart near trend, we went from $1,460 to $2046 with no more than 6% pull backs. It is on the chart I posted on 3/10. There is still a bit of resistance around on some charts but not far away from blue sky. Interesting how much difference 2 weeks can make.
