Looking at weekly chart, down trend of gold
was long over and has recently break out long side trend as well. Gold
has formed breakout pattern on weekly chart, where it has surpassed strong resistance of $1365 (facing since February 2016).. If we look at long-term investment horizon 3-4 years, Gold
is ready to take off for new all-time
high. Targets are determined using fib retracement from previous downtrend; alternatively, green lines show target /resistance it will hit in its uptrend.