In my last post I asked if you think the gold price in British Pounds might be about to lift-off, or fall-back. This post shows a similar chart of gold priced in Euros though, and this one has a different question that it begs. The price has just moved to new all-time-high price in Euros, and has slightly fallen back. It might appear to you that this price returned to the previous all-time-high area from December 2009, but will it bounce off this price level to confirm a move higher dead ahead, or will it fall through and result in a significant fall from here?
Again, who knows. But it might be instructive to watch and find out.