Bull or Bear, These Gold Charts Offer Something for Everyone
- Bear trend descending from record high in 2011 still intact
- Higher highs, higher lows signal recent rally may have legs
Molten gold pours from a crucible into a heated mould after refining.
Photographer: Duncan Chard/BloombergThis article is for subscribers only.
Gold is gripped by conflicting forces.
Bearish investors see no incentive to hold the precious metal because equities are climbing to records, the global economy is recovering, and the Federal Reserve is so wary of tight labor markets that it has pledged to increase U.S. interest rates further this year.