PINL:VLTAF - Post by User
Post by
stayhumble1on Jul 20, 2010 9:28pm
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Post# 17283505
Gold bounces off support line...
Gold bounces off support line...Gold (a daily chart of which is shown) as of Tuesday (7/20/2010), has just pulled back, touched, and bounced up off a long-term uptrend support line extending at least all the way back to the October 2008 low. This is potentially a highly significant trendline touch, as this line has defined the bullish trend in gold for at least the past 21-months. From a long-term perspective, therefore, price on gold is at a technically critical juncture
see: https://www.ibtimes.com/articles/20100720/spot-gold.htm for graph and rest of article