this was viewed as high resistance and we have now broken the downward trend and are back above the 200 day ma. The dip down to $1521 was very temporary and between Christmas and New Year when volume is lowest. We are now back to higher gold prices and I would not be surprised to see $2000 broken this year. The big question is how gold stocks will do...that is the million dollar question right now IMO. If we see gold stocks and gold prices reconnect, many of us gold bugs will be making large gains.

Glorieux