Recent change in Gold price surprised some individuals who were basing their theories on pure tech analysis. Agreed that the gold chart was forming a wedge or trying to make a decision but this time the move was mainly in the up direction due to the recent news of some inflation starting to pour in the market.
Here is stock chart weekly analysis since my last technical gold analysis in early March
Looks like support is now becoming resistance. Lets see how the market shapes up.
Market club's monthly is still a buy:
Weekly is at sell since 88.
Looks like gold is starting is new bull. If it clears its previous highs of around $100 we will have a new target.