get ready gold bulls, page-3

Hi Sabre

It was a nice bounce. Hopefully it holds. It went below the 200dma today which historically is a good sign that correction is coming to a close. Strong support at around 534 with a strong double bottom on the weekly chart earlier in the year before last leg up. I would think it will hover a bit below or around the 200dma for a little while yet - around last year it spent about 3 months following that average.