I expect to see 1800 very soon and we are reaching the .618 retrace from August 2011 highs. The chart speaks for it's self. We seem to be forming a very large sell wall right now so downward movements are normal and we should be bouncing back and forth from1457 to 1582ish as lows get higher. Traders need to zoom out and look at the weekly to see the whole story.
Comment:
We are still respecting the 1553 sell wall. I would expect us to keep going up then retrace when we hit the wall again. This is one large ascending triangle.
Comment:
Breakout of this flag could carry us to 1800 gold.