It seems to me it will take few more months to confirm a long term bull trend in gold. One could argue that the triangle could also be broken to the downside, but I believe it won't be the case... Unless you think that oil will be somewhere below 30s for long term (which would certainly decrease the miners' costs and also to some extent the price of gold), the odds of breaking the triangle to the down side are in my view really low.
Kommentera:
approaching the trend line again...much sooner than expected, let's see next weeks whether a solid breakout will happen
Kommentera:
would love to see one more heavy wash down before getting more long term position :-)))