Here is my take on the gold price. I have posted this on another forum but think its more approperiate here. I believe a flat top broadening wedge is playing out. One of the most reliable chart patterns especially when formed in an uptrend. Gold may drop to $1300 to make a bouble bottom before it bounces but when it does I believe it will head to $1800 then $2220 pretty smartly
Here is the exact same pattern currently playing out with JP Morgan with a target of $65. I currently hold
Here it is again currently in play with the dollar index on a smaller scale. (2hr)
