A Bearish Year Gold has been bearish in 2014. It has been swept by strong USD and weak commodity price currents. However we have seen some resilience in November, and now in December. Let’s exam the monthly, daily, and 4H charts to make a technical assessment of gold as we approach the end of the year. Bullish Reversal Scenario: A look at the monthly gold chart shows that price had come to the 100-month simple moving average (SMA). The RSI is showing a 3-pt divergence. Also, we are potentially going to have a bullish reversal candlestick combination if gold rounds out the year around above 1180, so that the body is ... (full story)