GOLD bulls creeping in??
Gold fell substantially last week and it hasn't been clear is that was it for bulls or was the move just a pullback as gold had rallied up fast and hard.
Well a close look at a possible double bottom that formed on Friday might give us some clues. A double bottom isn't really enough to prove that we might be getting ATLEAST a pullback up, so if we look at the RSI we can see Bullish Divergence forming as Price made the same low but The RSI made a higher low in the last hours before market closed so I think the bulls ARE creeping in or should I say....UP.
Well a close look at a possible double bottom that formed on Friday might give us some clues. A double bottom isn't really enough to prove that we might be getting ATLEAST a pullback up, so if we look at the RSI we can see Bullish Divergence forming as Price made the same low but The RSI made a higher low in the last hours before market closed so I think the bulls ARE creeping in or should I say....UP.
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