Has gold topped out. it appears to be so technically. it can be seen from the chart-i above which is of weekly time frame has broken the trend line from the low of 2008 i.e. nearly three years trend line. As the trend line is for long period the correction which started would be of longer time wise and price wise. You can also see in the second chart which is of daily chart it has formed a triangle and has broken down indicating that it might has topped out. the pattern is exactly similar to that formed in nifty in january 2008 where in nifty has broken down and you know what has happed there after. so we can expect a larget correction in gold probably towards 1000 levels. so be prepared for the same.