Gold is heading higher. the uncertainty in the global markets special the US is the drive for gold at the moment
Trumps Trade War, chinas regulation have sent investors to look at gold and bitcoin. Bitcoin surpassed the gold price and are defined at a save heaven for investors but bitcoin is unstable, and can swing like the other day 100 dollars whiteout any specific news related material.
Banks around the world is buying gold in massiv quantities, like russia have been being 1,5 % of the global output, thats pretty much for a single country to buy.
I think that this huge volume of gold buyings is not over and we will probably see a really high demand on gold the next couple of years. 2017 and 18 will the best years for gold. and we will see sharply increasing prices sooner or later...
lets hope so im in for long on the long run but i will also counter trade the trend.
The technical. we also have a harmonic from 2015/12/17 - 2016/12/21 if you trade harmonics