- Gold Trading | April 20, 2017
The trend seems to be reversing: gold is up over 20% since its December 2015 low of $1,050/oz. and over 10% since the beginning of 2017. That means opportunities to get gold “on the cheap” may be dwindling, as the most recent price hike to $1,275/oz. this week indicates. One technical indicator has proved extraordinarily reliable in forecasting larger trend changes. Here it is.