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Sunday, January 26, 2014

Gold at a Crossroad

Gold on a long term trend and trend down for the last year is at a crossroads.
Many including myself, are optimistic that the downtrend is behind us.
But we cannot know for sure until a few months of a trend change is behind us.

Below is a long term view of gold price, and how gold came down to the long term trend line up and bounced off it upwards.  It maybe a 'dead cat bounce', or a trend change.

For your info see below, I have to run and plan to do a GDX/GDJ chart later.

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