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<p>[QUOTE=&quot;Cloudsweeper99, post: 1554333, member: 3011&quot;]I have no 8-ball, particularly short term.&nbsp; But if you look at a 2 or 5 year chart, the gold price appears to be forming a base formation known as a cup and handle.&nbsp; Of course the formation may fail, and of course if you don&#039;t believe in technical analysis, you will ignore this message.&nbsp; That said, I don&#039;t think gold will fall below about $1625 and if it breaks above $1800 and stays there for at least a few days, the next major move is likely to be up.&nbsp; Now, if you were a die-hard dedicated technical analysis trader, you would probably wait for the confirmation that gold has moved above $1800 and then buy with a stop-loss around $1700.&nbsp; </p><p><br /></p><p>I&#039;m not a trader but I look at the technicals and have used them in the past when I had more time to follow it.&nbsp; So be advised when you read the above that I am not following this advice.&nbsp; I&#039;ve been in gold for 8 years and I&#039;ll stay in as long as I think the bull market is intact.&nbsp; So reader beware.[/QUOTE]</p><p><br /></p>

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