Well we have a definite breakout now - I did think that there would be a bit more consolidation however - this can be because of rising fears and tensions with the various military situations - however it is still a break above ...
Weekly chart though has had 4 years of consolidation building a cup so not surprising that the move is happening- I did think we might have had one more dip to the trendline first ...the brics countries that are possibly going to create new payment systems and use a gold backing for the currency could be one of the reasons - just musings from what I can see however Gold is usually good in inflationary situations right .. any way it is good for us - just was hoping it is not a frenzy spike - nice slow steady rises are better ..lets see
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