Too much attention? (2010-06-03 Gold analysis)

I heard some people saying that gold was gaining too much attention which gave a hard block for its great rally. After working on some analysis, I would predict a great rise these few weeks instead.



We can see that Gold broke its last high but not being able to stay above and slided down after touching the fibs line. It is now testing that horizontal line again. It is more likely for it to be able to outbreak and rocket due to the pressure by the blue uptrend line. The red long-term line and fibs would give us hints about where it would reach this time, which is about 1324. Bullish is still not over.