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Gold Bottom At $1265?

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Here we can see how the short term uptrend support got heavily sold in Thursday's bear market but the interesting thing is that it bounced just above the $1265 support covered in the weekly chart from 27th May.

This level ought to be at least a medium term low as there's a complete wave sequence down to this level and it was also the trading range target per the above post. There's an RSI bullish divergence to help and silver also hit it's main target of 1950 on Friday too.
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  • WaveTracker
    WaveTracker Wednesday, 26 June 2013

    Volume vacuum. Strong support stands between 1100-1150$. http://stockcharts.com/h-sc/ui?s=$GOLD&p=W&yr=4&mn=0&dy=0&id=p64955061690&a=299670786

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