Gold Looks Good - Part 2
2 Year Gold Price
This 3-part series of charts looks at the 1 year gold price, the 2 year gold price and the AMEX Gold Bug Index ($HUI).
The 2 year gold chart shows round number trendline support at $400. Current prices have dropped to the mid-point of the longer term trend channel and the bottom of the short term channel. Initial support is ~$430.