Gold Snapback Price Rally Reaches 200DMA - Has the price bottomed?

Discussion in 'Gold' started by Silver2012, Feb 14, 2014.

  1. Silver2012

    Silver2012 New Member

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    Interestingly enough, the gold price has touched the 200 day moving average for the first time since the massive fall. The consensus is still fairly negative regarding precious metals prices in the mainstream. Do you guys think gold is bottoming?

    [​IMG]

    Here's one opinion:

    [youtube]http://www.youtube.com/watch?v=B5ahgZSkweg[/youtube]
     
    Silver2012, Feb 14, 2014
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  2. JoeFromNorthCarolina

    JoeFromNorthCarolina New Member

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    Time will tell.
     
    JoeFromNorthCarolina, Feb 14, 2014
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  3. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Gold in Australia has gone up AU$120 in two months. This tells me it bottomed two months ago. What do your charts tell you?
     
    sammysilver, Feb 14, 2014
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