Head shoulders reversed on XAU

The XAU is an index of the US gold mines ( composition : Anglogold Ltd, Ashanti Goldfields, Barrick Gold Corp, Battle Mountain Gold Co, Coeur D'Alene Mines Corp, ecla Mining Co, Freeport McMoran, Homestake Mining Newmont Mining Corp, Placer Dome Inc.).
The head shoulders is one of the figures more éfficaces technical analysis, it gives an objective of 135 to the XAU, which consolidates me in my opinion that the market bull of gold is only at its beginnings.

Dr Thomas Chaize