Hi Shoppers,

Gold has just gotten completely hammered since that doji candle created on May 4th.

Check out the August futures chart:

Yesterday formed a hammer candlestick possibly signaling a change in this down trend.

As always, wait for a confirmation today with Gold trading higher for the first hour, at least, this morning.

The SPDR Gold Shares ETF (Ticker: GLD) also has a change in trend candle:

This big green bullish candle at the bottom of a down trend can signal a change in the trend.

Again wait for the confirmation today.

I think GLD can trade back up to $180.30 and on to $183.50.

Thanks for Reading … See You Next Tuesday,

Licia Leslie