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Is the Gold Market Finally Giving a Bullish Signal?

From dailyforex.com

Over the last 48 hours, the gold market has shown signs of life despite the fact that we had been in a significant downtrend. At this juncture, we have to ask whether or not we are starting to form some type of bottoming pattern. We are on the precipice of making a large decision here as to the future of the gold market trend. Ultimately, when you look at the gold market, you cannot look at it in a vacuum. There are a lot of things going on at the same time. For example, the United States dollar strengthening is not helping gold by any stretch of the imagination, but ironically, this is happening while interest rates ... (full story)

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  • Category: Technical Analysis