Gold is very oversold and ready for a rally. On a year over year basis, gold has fallen more than 2 standard deviations, a rare event over the last 10 years. Usually following these extreme lows, gold has historically rallied.
Click on the image for larger picture. Source: Bloomberg
Geir Solem
Elliott Wave Technician
Copyright (C) all rights reserved
Click on the image for larger picture. Source: Bloomberg
Geir Solem
Elliott Wave Technician
Copyright (C) all rights reserved
