EGO has been showing support around 11.92 and resistance in the 14.33 price range. The technical indicator at 9trading website shows strong buying signal.
Gold could have nice rebound in short term. Japan printing large amounts of money. China increasing stimulus. US in debt ceiling fight.
Sentiment: Strong Buy
Would have thought japans printing only strengthens the dollar. That does not help gold priced in dollars. But that does not really matter, gold was dropping with the dollar. Go figure.