I'm looking to see these trendlines being validated. In fact there already seems to be some evidence they are active looking at lowest trendline in particular.
Gold looks like it is obeying the bullish slope of this Andrews ptichfork and if so could be set to continue where it left off in 2011 on a new multi year strong bull run which will probably finally come to an end at some stage with a parabolic move up to breathtaking new highs probably corresponding to failures of fiat currencies world wide.
Will follow up with a zoomed out view of this chart showing where the pitchfork is defined.
Gold looks like it is obeying the bullish slope of this Andrews ptichfork and if so could be set to continue where it left off in 2011 on a new multi year strong bull run which will probably finally come to an end at some stage with a parabolic move up to breathtaking new highs probably corresponding to failures of fiat currencies world wide.
Will follow up with a zoomed out view of this chart showing where the pitchfork is defined.