From Ed Seykota's remarks in Jack Schwager's Market Wizards: "Fundamentals that you read about are typically useless as the market has already discounted the price, and I call them "funnymentals". However, if you catch on early, before others believe, then you might have valuable "surprise-a-mentals".
Political "funnymentals", as in elections or edicts, do matter, in the the US as well as in Italy or the Congo. nevertheless, tech analysis shows that some methods of Mr Gann and Mr Elliott still work, not to forget Mr Andrews and "Sir G9".
The chart above demonstrates some of the techniques of all four of those gentlemen, as well as some simple moving averages. If December gold doesn't hold 1225-1218 odds increase to fall to 1190-1178, or lower.
Times are changing, whether we like it or not, and as traders or investors we must adapt.
The rest of the charts demonstrate some other indicators and methods I use.