Gold Showing Some Technical Signs Of Tracing Out A Bottom

Summary: While gold hasn’t exactly performed well lately, technical charts published by the Wall Street Journal show we may be nearing a bottom. Strength in the stock market and dollar have put pressure on gold, but a weak jobs report this past Friday puts doubt that an economic recovery is underway. Chief Technical Analyst at S&P Capital IQ says gold is positioned for a decent rally from at “..chart, momentum, and sentiment standpoint.” Read more…