Yearly trend: bullish for more than 2 years.
On a yearly basis, a bullish parallels pattern is in progress. The dynamic for each band is very strong. PY will cross MY in more than two years. Gold will shine for a long time.
Idea: bullish non-crossover for our stochastic.
Long term: towards PW (911)?
On a quarterly basis, the pattern is a bullish parallel one. The dynamic for our 7 / 23 quarters moving averages is and will stay strong. PQ failed as a support. Since the end of September, a weak bearish divergence with our stochastic is in progress. MQ (611) could be our main target with an overbought status for our MACD. On a monthly basis, a bullish parallel pattern began in October 2005. MM failed as a support. With a next close below MM, LM (603) is our main support.
Idea: with a November close above MM (817), monthly trend is neutral.
Medium term: bearish without pattern
On a weekly basis, the status for our 7 / 23 weeks moving averages is a bearish non-crossover. Bollinger bands spread is wide. Above MW (828), PW (911) is our next objective. LW (699) is a strong support.
Idea: recovery with a weekly close above MW (828)
Short term: rise but not bullish
On a daily basis, the spread UD / LD is minimal and LD is flat. Weekly trend is not bullish. The rise in progress is only a technical recovery.
Idea: rise, as long as our MACD is not overbought.
Conclusion: a new rise could develop next year.