Here is my gold chart with forks I have been watching since the start of the year. Both forks have their median lines around $1270-1280 so a move there would not be out of order. Support at the top of the small blue fork became resistance with the failure to move above $1345 recently:

pitchforks-in-gold-20161003-resistance

pitchforks-in-gold-20161003-resistance-1340-target-1280

I didn’t have time to post this last night. It would have been a good trade! *Sigh.*

Now we have to see if this is a back up the truck buy point or if $1270-1280 breaks down and the lower lines come into play.

As per my short post yesterday, gold is still over £1000 in Sterling terms (£1006-1007) after the fall to $1280.90 today as quoted on Kitco.