While chasing 4-5 dolar moves , do not forget that 1,4xx's are yet to come .. QE could not last forever, and will soon be slowed .. Look at the bond prices across Europe .. They are slowly turning to normal levels. China exports are rising .. Gold was so highly valued because, we all were believing that financial system would collapse. It did not.
Even 14xx's are high compared to inflation, occured in last 10 years. I value gold around 1000-1200 dollars/ounce. That price needs time but 14xx's can very fast be seen. Be veeeery careful.
It has no sense to look at charts for the moment. Huge consalidation is to come, and it does not obey support levels or things like Bollinger, Fibonacci ... not even Spinachi ...
IMHO
Even 14xx's are high compared to inflation, occured in last 10 years. I value gold around 1000-1200 dollars/ounce. That price needs time but 14xx's can very fast be seen. Be veeeery careful.
It has no sense to look at charts for the moment. Huge consalidation is to come, and it does not obey support levels or things like Bollinger, Fibonacci ... not even Spinachi ...
IMHO