Home / Articles & Videos / Gold Price Chart Shows Potential Of A Triple Bottom
gold_price_weekly_chart_12_December_2014

Gold Price Chart Shows Potential Of A Triple Bottom

This is a short article with some observations on the daily and weekly gold charts. There is no technical analysis involved but rather a summary of the observation of short and long term trendlines. Courtesy of Stockcharts.com.

After dropping below important support, gold rallied back above it. Gold has also recently broken above a declining tops line.

The weekly chart shows the bear trap and suggests the bullish dynamics of a triple bottom.

Source GoldSilverWorlds

Looking for a secure way to buy physical gold and silver?

GoldMoney company offers you 6 months of FREE storage if you sign-up and buy physical metals via GoldReference site. Simply choose “GoldReference.org” from the dropdown list, or manually write goldreference, when you open a Holding at GoldMoney. See also our page How To Buy Gold & Silver Online.

Translate »