Techncial Analyst Turns Bullish After Busted Downtrend

Based upon the frustration of his expectation for a decline to $1,073.20 last week, techncial analyst Rick Ackerman has turned cautiously bullish on the metal. The recent uptrend after last week's bottom at $1,088.90 looks solid enough to not look like a fake-out.


Given how gold's performed yesterday and today, his timing is hard to fault...