I say there's still a chance it will break $1400 next week, but the important number for me is $1425, especially a weekly close there. So many different charts point to that as the level that needs to be broken before anyone should get excited about gold's intermediate term prospects.
|Weekly chart with 38% Fib fan and MAs that form a nice bull-bear buffer zone|
I've posted a bunch of them, with a few captions. I hope they're clear, since I do not have time right now to add further commentary.
|38% Fib fan from more recent peak was cleared, but 50% crosses with 38% from previous chart|