Gold proved several times after completing the downfall and targeting 1680 as a double bottom that the retracement at the first place from 2073 dollars an ounce is still corrective. all the advanced yet the classical technical analysis is showing a momentum and a possible surge in gold prices in the medium to long term. lets not forget the inflation effect on gold definitely on the long term not short one. CPI figures, not the best job reports and many more. new highs will be seen in gold sooner or later with a target of 2350$ an ounce if broken 2590$ as a 2nd target.