Gold projection

[John Gold]

I think that gold will break out of the base pattern very soon, it could send gold to a level of $1500-1600

 

[John Gold]

It also looks like a turning point is coming very soon:

http://tradermc.com/articles/gold-projection-golden-ratio/

 

[John Gold]

Today gold broke out of a wedge pattern, it should not take long time now to break out of the long base pattern and reach higher levels.

 

[John Gold]

GDX broke out of a bullish falling wedge and GDXJ is about to do it also. I keep my long positions.