i am calling a bottom, page-28

Technically speaking gold needs to close above the recent $881.50 high and then put in a higher low and higher high before it become a buy. I am trading at the moment in the view that gold shold rally to somewhere near $870 before heading back down to either retest $850 or on its way to a new low. If I was investing for the long term I would look at buying in at regular intervals rather than buy all at once only to see gold fall through $850. I expect gold to test the $790 area but am not willing to short the metal because of all the sabre ratling between the US and Iran. A first off buy around $850 would be a good idea as long as you are willing to accept that it may go lower. Gold will definately re-test the $850 level at some stage unless something from left field occurs to send it up so I would wait for the re-test before buying my first lot of gold. Then if $850 fails, $830, $800 and $790.