The yellow metal appears to be looking to shine again. Indeed, finding value in a over-valued arena can be hard. Price is what you pay, value is what you get. After topping in 2011 the yellow metal has been in a big exhale, has gold found a solid foundation. A inhale to retest 2016 could provide overhead supply, after the bump and grind the yellow metal can shine towards the 1500 level. It is the "store for value".
Comment:
The clip below provides a 20,000 feet view. Note the double bottom, red arrows. The dotted white lines can provide price levels, previous highs.
Comment:
The Sun could be rising. Note the bullish candle formation. Change of trend?