Is Gold Starting to Move Up or Is This A False Start?
It may well be that it is time to re examine your gold trading strategy as there may be some opportunities very soon.
You will see some interesting things in these charts and also in the articles lower on the page. The devaluation of the Yuan and the increased position in Gold by China have excited the metal.
This first chart is a monthly chart on Gold showing three drives to the bottom and that will be a bullish pattern.

Today, price met the pivot and reversed.

The resistance is in the 25% retracement area, which leads me to wonder if this reversal is very strong. Perhaps we will know next week if this is a retrace and that we will see a stronger advance.

The Ichimoku chart demonstrates that a great rise in price will encounter a lot of resistance as price meets the Ichimoku cloud. There has been downward pressure on the price of Gold for many months, only for a short time could it attempt to push through the cloud.

Here is the Point and Figure chart for Gold, it is not showing any great signs of an advance.

Here are some recent articles discussing various aspects of the gold market
XAU/USD Corrects Lower To 1114 - Action Forex
http://news.google.com Fri, 14 Aug 2015 08:41:00 GMT
XAU/USD Corrects Lower To 1114Action ForexXAU/USD Corrects Lower To 1,114. 'A further decline in volatility may reverse some of bullion's recent 'safe-haven' inspired gains.' - HSBC (based on CNBC). Pair's Outlook. Gold declined on Thursday, as worri ...
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FxWirePro Gold rallies finally - Stay on with XAU-USD diagonal call spreads ... - EconoTimes
http://news.google.com Fri, 14 Aug 2015 10:21:00 GMT
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Gold (XAUUSD) Big Picture Triangle Still In Play, Resistance Zone Eyed - CFD Trading
http://news.google.com Fri, 14 Aug 2015 12:06:00 GMT
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Gold is Crashing! No, Wait, it's Booming! So What's Really Going on With Gold? - TIME
http://news.google.com Fri, 14 Aug 2015 14:59:00 GMT
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Why Now Is A Great Time To Buy Gold - Forbes
http://news.google.com Fri, 14 Aug 2015 07:29:47 GMT
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Gold's loud message to stock bulls - MarketWatch
http://news.google.com Fri, 14 Aug 2015 18:33:00 GMT
Gold's loud message to stock bullsMarketWatchGold is a controversial metal. Some people hate it as an investment because it provides no income, and is a "relic of the past.” Some people love it, arguing it is the safest form of currency in the world ...
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China reveals increase in gold holdings - Financial Times
http://news.google.com Fri, 14 Aug 2015 10:30:46 GMT
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Gold Caps Biggest Rally Since June as Haven Appeal Shines Again - Bloomberg
http://news.google.com Fri, 14 Aug 2015 15:16:34 GMT
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