Zeev's Turnips Patch-No Politics (ZEEV)

[opnion]

Hard to say exactly but the long term chart of gold has followed this 7 point pnf chart quite well over the years so in theory it is still in a bullish posture as long as it doesn't print 378. However I am not looking for that to happen. In the short to mid term my best guess is something over 406 to 413 to be at least a trading low. On this chart formation it could form a normal print at something above 385. A print of 385 would be a huge caution sign. 378 would be the trigger. Likely the gold lows will be put in on the $usd's attempt to get to say 100 to 108 ish.

http://stockcharts.com/webcgi/Pnf.asp?S=$gold&Y=U&B=7&N=A&C=2