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Gold Spot / U.S. Dollar
Long

xauusd forecast based on broadening formation

By gghsusa
Updated
GLD NUGT DUST GDX GDXJ JDST JNUG DXY
Strictly based on technicals, gold has a lot of room here over the next few months
snapshot
Note
Looks like large bullish crab pattern completed (x-d of 1.61) and bounced off that looooong term TL (pink). Now back in the downtrend channel.
snapshot
Note
snapshot
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Gold should get some attention for a while. Long Long term bullish but we could be looking at 1000 gold or sub-1000 before it ever turns parabolic again:
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Chart PatternsDUSTDXYGDXGDXJGLDJDSTJNUGNUGTTrend AnalysisWave AnalysisXAUUSD
gghsusa

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