kaotic363
Long

Gold/USD to resume uptrend and complete 3rd wave higher

FX:XAUUSD   Gold Spot / U.S. Dollar
67 0 0
Gold             (in USD) appears to be trying to breakout from its 4+ year downtrend.

In my view, there is solid evidence that gold             will attempt to breakout but we need to see the following occur first:

1. 7EMA needs to cross through the 41EMA on the weekly timeframe .
2. Gold             needs to breakout and hold over $1200
3. A series of higher highs and higher lows over $1200

Gold             target on the 3rd wave higher could be north of $5000 should the three items above start to occur.

For more gold             charts, analysis and commentary, visit http://www.goldvybe.com
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