I didn't realize I could only edit ideas for 15 minutes after publishing. Still learning my way around here. This is the revised chart/notes.
Since the December bottom, Gold has closed positive for 16 days continuously and by doing so proved a bull market has returned. On a longer timeline 2017 represents the first time since 2012 that Gold has gone up YoY -- another indicator of a bull market. The real question is will Gold finally break through the downward trend line that began in 2012? This has been the chastity belt that has held Gold back from giving us its oh-so shiny forbidden fruits. I believe this will be the year it breaks that trend and pushes into the 2nd half of 2017 much stronger than it started.
One thing is for certain though: Gold WILL test that trend-line again this year, possibly very soon. That you can count on.
Since the December bottom, Gold has closed positive for 16 days continuously and by doing so proved a bull market has returned. On a longer timeline 2017 represents the first time since 2012 that Gold has gone up YoY -- another indicator of a bull market. The real question is will Gold finally break through the downward trend line that began in 2012? This has been the chastity belt that has held Gold back from giving us its oh-so shiny forbidden fruits. I believe this will be the year it breaks that trend and pushes into the 2nd half of 2017 much stronger than it started.
One thing is for certain though: Gold WILL test that trend-line again this year, possibly very soon. That you can count on.