Gold showing signs of life
Gold is heading towards the key $1217 swing high, with the market showing signs of a resurgence following a period of downside. Should we see a break above that $1217 level, things would start looking more bullish for the near term.
Following a rebound from trendline support, there is a chance we could be looking at some form of near-term low. Thus, watch for the potential break through this swing high as a signal of a burgeoning period of upside for this beleaguered market.