in next few days we will see Gold testing support levels and is expected to go under 1500 EUR per oz. mark. After is expected to go further inside positive trend channel.
It's hard to predict when you are on all time high marks. Gold is in bullish trend and it will probably also continue whole year. I see outbreak of regression channel as it was in 2011 and we can expect similar reaction as it was in 2011.
Gold in EUR has made a clear flag. To finish a flag formation it should go short term short till 1078 EUR oz. and afterwards touch Fibonacci line at 1110 EUR oz.
