This shorter term chart and E-wave from Lannie Cohen of Capitol Commodity Services.
I have provided a short-term chart on gold, which suggests a potential low in place.
In my opinion, even if the low is taken out, it will show positive divergence, which would suggest a buying opportunity, a perfect scenario for the "scale-in" strategy.
Remember, Gold is a currency and is certainly acting as such. The outlook for higher prices into year end remains the same."Betting against gold is the same as betting on governments. He who bets on governments and government money, bets against 6,000 years of recorded human history." Charles de Gaulle
