Gold: 1160-1180 primary target

Be aware that in recent weeks only positions were closed... We had a "clean-up" of much to bullish positioning of last year. From long term chart we should be aware that es still can tumble below 1000 if we don't break falling wedge soon... With the beginning lack of interest in physical gold we are in danger do see a similar behaviour like April 2013. Still expecting a bull run in 2H 2017.

Komentarz:

be aware that the chart gets a really bearish bias with gold against a currency basket

this is not any more a bull run, but a forex/dxy/treasury play.