This commodity was once the darling of the market in 2011, when it hit a high of 1920USD/OZ. The market has since forgotten about the shiny metal, leaving Gold to drift slowly down during the last 4 years. From the technical perspective, Gold traded in a macro downtrend channel ever since the highs were reached in 2011. However, the 1000-1100 range did see some support with increased volumes. The initial breakout occurred early in 2016, quietly creeping up into the 1200 level.

This is very typical of new bull markets. When the bottom occurs, no one really notices and no one is talking about them. I was never personally invested in gold before, as i never understood why people paid for investments that yielded no interest or dividend. I am however a new convert while researching through the upcoming trends for 2017.

Firstly, i feel there is a lack of ......