Let me show you a few reasons why I think gold may have bottomed and why this intermediate rally could continue a lot longer than most traders expect.

I've marked the last two intermediate cycle lows with blue arrows. Now notice the intermediate trend line has already been broken and the dollar is only 7 weeks into it's intermediate cycle. That's a bad sign. It means the intermediate cycle has likely already topped and in an extreme left translated pattern.

Gary Savage
The Smart Money Tracker

Gary Savage authors the Smart Money Tracker and daily financial newsletter tracking the stock & commodity markets with special emphasis on the precious metals market.

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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