My last chart of gold was posted back in December 2013 so I thought it would be a good time to revisit the chart.. and not much has changed.
Here’s the chart from December ’13:
As you can see, gold is still in the zone of 1179.4 support – 1488.8 resistance levels.
Gold has some major levels to break through to the upside; 1488.8 & 1561.8 being the first two major levels.
The above chart is also a 5 year weekly chart. I’ve drawn a smaller fib inside the larger one to show a better perspective.