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Message: Gold trend and CMM

I posted the following in another forum last week. Hopefully it helps you understand the trend from technical perspective.

From the weekly chart, the upward trend hasn't changed yet, well supported by BB middle band. One foot in the overbought zone and CCI cross down 100 suggest a correction going to take place, in the next week or two I believe. But it won't be significant, because MACD about to have a golden cross, which I believe will bring Gold to a new high. If momentum still strong after breaking through, target will be around $1350, likely in October.

So in 1-2 months, as gold price advancing, we should see CMM price appreciation as well. 90 cents target? Not unlikely.

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