GOLD, XAUUSD 3 Week Linear Technical Big Picture Overview

From a purely technical perspective the longer term setup suggests a reversal is already in play. Lower indicators suggest a breakdown from strength in 2011 and has been backtesting the major 2013 breakdown from a position of weakness since. The bell has been rung, time to shimmy back down the rope.
Chart PatternsGCGoldTechnical IndicatorsTrend AnalysisXAUUSD
φ Fibonacci Technician

Disclaimer