Daily Bars

Prepared by Jamie Saettele, CMT
Gold has returned to its range but support comes in from the 20 day average and 1644 low. Last week’s hold above the 4/4 low suggests that gold has been forming a bullish base since mid-March. Exceeding the April high would put bulls in control towards the trendline above 1700 (that line extends off of the September 2011 and February 2012 highs).
Ideas: