Gold weekly chart is showing us that even though we have seen a nice dip down if you go back to about 2006 the major uptrending line has not really even been broken. Infact we have come back to some sort of fair price median, that is likely to continue in the long term I think.
The trix is also showing us massive value as it is very oversold. So gold is worth watching at the end of 2013 and especially early in 2014.
Gold weekly chart |
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