http://stockcharts.com/h-sc/ui?s=%24GOLD&p=M&yr=40&mn=5&dy=0&id=p91642221739&a=317647014&r=1460127148913&cmd=print

But in candlestick form and showing very positive Coppock Curve divergence at the two lows

Also, some possible projections

pos

Jim Rickard’s idea would fit the $10K target…

https://www.youtube.com/watch?v=R7enXdJAuHA
Published on Apr 5, 2016
Financial Expert James Rickards says, “The Fed wants inflation . . . . They are not getting it, but they have to have it. What does that mean for policy? That means they are not going to give up . . . . They are going to keep trying until they get inflation, and when that happens, you are going to wish you had your gold.”

How much will gold be in the future? Rickards calculates, “$10,000 per ounce with 40% backing . . . if you had 100% backing (of the dollar), that number would be $50,000 per ounce. The implied non-deflationary price of gold, depending on your assumptions, is between $10,000 and $50,000 per ounce. If you are going to have a gold standard and you want to avoid the blunder of the 1920’s, you are going to have gold at least at $10,000 per ounce and possibly much higher. I explain all this in my book.”