I am not a technical analyst on markets either stocks market or precious metals markets. But learned a few patterns in charting. There is a famous chart pattern known as a Cup & Handle Formation pattern.
I do trade gold and silver paper derivatives once every other month and listen to a few good analysts. I do run my own charts and watching for a gold breaking out the long term falling trend line from Aug. - Sep. 2011. It also fulfills the handle completion of the massive cup and handle pattern if we see gold's monthly chart from 1990's. It failed last year but again on the cusp of breakout. Let's see if it succeeded this time around, for it to happen next couple of the weeks are crucial
If we see the geopolitical events around the world which are often play a catalyst for gold breakouts and the record currency printing by the world central banks, it could be a matter of couple more years that we can see gold rising two folds three folds.
Next couple years will be interesting to watch!!
