I have been following the gold price for a few years now. I have some invested, although I don't buy and sell, I just buy when I think it's low and then wish I sold when it was high. When there is a high like this we usually get a month or so of the price increasing, followed by a big drop. I have heard a few say sell in may and go away, but I think it's more like April now. I will probably give it until the end of this month then sell half of my holdings. This isn't a very technical or chartist approach, it's just my relatively short experience in trading.
Also, how comes this board fills up with posts when gold drops and is relatively quiet when gold is rising? In terms of the pound, gold is rocketing