
When you don't do the "Tim Knight 100 year chart method" the trend is your friend.
Here is the one year chart. I started buying below $20 and I see no reason to sell. 50 day crossed above the 100 day and is pushing all the way up against the 200 day. 100 day MA just turned up for the first time.
Tested the trendline perfectly and had a hard bounce. Exactly the bullish chart action you like to see.
And as they say in technical analysis, you can read the same chart and see two different things. Fundamentally, there is no denying that gold should be headed higher.
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