Is Gold about to bounce?, page-190

November 07, 2014 at 12:09 PM | written by Greg Schnell
Gold ($GOLD) is painting a bullish candle today and surging back above the recent gap down. We have had $20 rallies before, but the exhaustion in this particular move seems complete. Who could possibly want to own gold after the beating? That washed out sentiment might be the single most bullish signal. Is it a tradable rally? Probably. Will this mark the final low in $GOLD? That would be a stretch with the US Dollar ($USD) going vertical. For traders it's attractive as the gap structure demonstrates a complete exhaustion.