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

S

Silver2012

New Member
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?

20140213_gold_2_0.png


Here's one opinion:

[youtube]http://www.youtube.com/watch?v=B5ahgZSkweg[/youtube]
 
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?
 
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