Here is a chart for Gold. It's hitting the weekly 62 Exponential Moving Average now, and there is a fantastic trendline hovering over the recent decline.
If we were to switch to a daily chart, and got a move above the trendline, it would be time to buy. Now why is this important? Because the movements in gold reflect, partly, the world's view of the value of the US Dollar. If gold takes a big climb upward, we are seeing a lack of confidence in the US Dollar.
