Gold update

Gold.ax has had a false breakout.  It's now close to support.  Short term resistance at 141, support at 131.

I still recommend gold as a strong buy.  This consolidation only means a larger breakout when gold does indeed take out the 141 level.

Looking at a 10 year graph of gold, gold starts with about a 2 year consolidation phase before breaking out to new highs, from 2006 to 2007 this was what happened, then a breakout in 2008, consolidation again then another breakout and now we're in another 2 year consolidation phase.  I still expect Gold to expect 149 level sometime this New Year, my initial target is at least 1870.

Gold, strong buy!!