Here is the daily Gold Futures Chart for the February 2012 contract.
I transacribe this action to the 'big picture' chart which I publish nightly.
This is the one I watch intraday.
Gold *could* be in the process of making a huge double bottom. The measuring objective of such a breakout would be well in excess of 2,000 BUT it needs to breakout of the obvious downtrending channel in red first. The 'proof is in the pudding' as they say.
