This chart from Chart of the Day provides a
long-term view of the gold market. As today's chart illustrates, gold
has been in a strong bull market since 2001. Today's chart illustrates
that the pace of that upward trend increased beginning in mid-2005.
Following the financial crisis of late 2008, gold surged once again.
More recently, gold has pulled back from resistance (red line) of its
accelerated trend channel. However, gold has pulled back to and is
currently testing what is two-year, intermediate support (see green
dashed line) for the eighth time.
