Gold Possibly Bottoming on Long-Term Support Long

Gold FuturesCOMEX

Description

⋅ Jun 17, 2014 4:47 PM

There's not much to say about this chart, it's pretty straightforward.

A few points to think about:
1) Trendline > 12 years
2) Trendline wasn't breached during the Crash of '08
3) U.S. Dollar continues to deteriorate (In real life)