Here is the basics of the chart I was looking at back in Dec predicting the next move to $1,200. My $1,200 target was exceeded and then the breakout level was tested as support before moving higher. We now have a large cup and handle pattern which, if confirmed, could take prices quickly to $1,550, believe it or not. The measured move and filling of thin areas make this a very reasonable target in my eyes. As long as we continue to claim new support levels and fail to breach them on pullbacks, then this chart remains in play IMO.

Gold