| Gold has been trading as expected in recent times but there has been something in the back of my mind that has been niggling me. That is the long term chart. While I have been feeling in rhythm with gold for quite some time now, I have kept the focus on the shorter term picture. However, now it is time to confront the issue.
Let’s get straight to it with the yearly chart. In previous analysis, I drew a Voodoo candle which called for a spike down to below US$1000 before a big reversal higher which closed out 2015 near its highs. This was assuming the 2014 candle would be a slightly positive candle. Well, my timing has been a little off and the 2014 candle turned out slightly bearish...............................................Full Article: Source
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