Potential short-term bottom identified by a two-day candlestick pattern
Potential short-term bottom identified by a two-day candlestick pattern While it is a little too early to say that the price correction in gold which began on the 23rd of last month is over, the first signs of a potential bottom have appeared today. Gold pricing did recover this morning, however at the same time, gold traded to the lowest intraday price of $1676 since the intraday low of $1666.50 seen on April 21st. If this low achieved today holds…