Gold - The uptrend since late October 2008 is still dominating the picture, however as long as we can't break above the neckline resistance at 1,808 of the possible inverted S/H/S bottom we will have to consider that an important top is already in place with the test of 1,920.30 and that a possibility of a S/H/S top has been activated. Therefore we should wait and see which scenario is the correct one. As the uptrend is intact the Inverted S/H/S bottom has a slight advantage, but any clear break below the uptrend-line will shift the odds in favor of the important top scenario and a break below 1,524 will be the final confirmation.
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