There is some sense to technical analysis as well. The truth...

There is some sense to technical analysis as well. The truth lies somewhere in the middle.

Fundamentals says the gold should be at $10000. The supply of money due to QE has been 4 fold while gold's supply has been only 5%

But the realtive strength of gold buying has not picked up momentum yet.

Fundamentals are like gunpowder but technicals provide the spark.

One major global incident and gold will shoot up