While a stock market sell off may have been premature, there is a gold rally underway. Looks like there may be a double bottom that was just set at the end of the year. The first part of the bottom was set in June. There was a rally and then a retest that just concluded. This is evidence of a solid bottom at about 1200. Similar price action can be found in the other precious metals as well.
The object of the game is to buy low and sell high. This may be the time to buy. As always, do your own due diligence.
Al Fin: "Cowboy Commentary", aka "Eat your veggies" The Flag banner is posted in order to defy those who would make patriotic symbols illegal or disreputable.
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