Gold never got so deep on its correction as to test $950. Instead it's been working it off in a sideways range. Now it's suggesting it may be ready to break out. But I don't rule out the possibility that it may stay in the range a bit longer. If it DOES break out, I'm good with chasing it, with a stop just under the breakout level. Just remember, the idea for a while now is to be long from a low before May. That leaves only a few weeks to see if it's ready to move now, or just very soon.
My weekly chart of $GOLD following the daily chart agrees, it looks like gold has managed to skip and skip again, creating a sideways consolidation that should give a great base for the breakout. Meaning once it's on the move, it can be another great swing long, quite possibly for a very long time to come.
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