Gold is preparing for a large move upward. We have a symmetric triangle forming on Gold which is a Continuation pattern for an asset.
No explanation needed for the Long term bullish outlook for Gold with all indicators suggesting strong upward moves.
Once we get a breakout of the upper trend line this will continue to move up strongly. This is a great area to be accumulating longs into the markets waiting for the large upward move.
The fib extension on the weekly has important levels but over the next few months we could be reaching somewhere between 2800 and 3200.