I can’t quite make up my mind whether this is a plentifully bullish chart of gold in Euros ($GOLD:$XEU on stockcharts.com) or if it is starting to slip a little under some kind of giant head and shoulders pattern… I drew this one a few days ago:

gold in euros chart xeu goldeuro key lines red slippage supports resistances

and today, without paying attention to the previous one, re-discovered it and drew a slightly longer term one:

Gold Euro bull trend slippage goldxeu2

Not exactly the same slopes, actually the lower one is more schematic because the bottom blue like is slightly less steep than the one above but both show a little slippage under that bottom line which might be worrying. Perhaps?

It’s all about the bottom line, after all, as the manager at GE said as he announced our redundancies in 1993.