There was a huge rapid upswing in gold from 2008-2011. After a large rapid rise there is often an expended sideways consolidation IFFFF the longer term bull market is not over. I favor it is now over as I still favor long term the US dollars fall is not over. The action from 2012 to now may be part of such a extended consolation. We now have potential saucer bottom or if you like a complex inverse head and shoulders pattern. When the current short term downtrend is broken I will go long with then most recent low as my stop on a close. If all goes well my longer term target is given. Process your way. Have a good weekend.
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