Loading ...This post of mine a couple days ago is why I say the bottom is in. Also IMO next top is $2300.
grin @ 19:19 gold chart
I used your start point for the gold bull of 252.50 (now changed to 255.80) for many years and never could make a chart make any sense. Only when I began using the July 1999 date and price of 253.20 did everything begin to fall into place. By taking the starting point from that bottom, as you can see on this chart, support line begins as resistance for several years, then once gold broke through resistance it became support which has held from then on. Give it a try and see what you think. silverngold
