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 MQ (610)
On a quarterly basis, the pattern was a bullish parallel one. Since the end of September, a weak bearish divergence with our stochastic is in progress. MQ (610) will 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. A bearish non-crossover is in progress with our stochastic. Our MACD will stay not oversold for 3 periods or more.With a next close below MM, MQ (610) is our main support.
Idea: CB needs cash and sell gold.
Medium term: Bollinger bands spread is not minimal
On a weekly basis, the status for our 7 / 23 weeks moving averages is a bearish non-crossover. Bollinger bands spread is wide. MW (819) acted as a resistance. LW (705) is our next strong support.
Idea: recovery with a weekly close above MW (828)
Short term: rise is over
On a daily basis, a rise developed. With an overbought status for our stochastic PD (752) is our next target. Below this support, LD (698) is the next one.
Idea: below MD.
Conclusion: out for 6 months or more.