- Gold Trader: “With Today’s Positive Close, Gold Has Now Completed A Potential Trend Change”!
by Tekoa Da Silva, http://bullmarketthinking.com/, July 11, 2013
Following an explosive rebound in the price of gold this week, recent interview guest and technical trader Gary Savage, shared some powerful commentary Thursday evening to subscribers.
Speaking to the last four days of gold’s price rise, Gary noted that:
“With today’s positive close, gold has now completed a four-day rule potential trend change. That is also coupled with a four-day corollary that occurred on the June 28th key reversal.
- All in all, gold appears to be in the process of reversing the coil pattern that we have been watching over the last two months on the weekly charts.