American gold traders see gold prices in a downtrend, and wonder whether the December 2011 bottom will hold as a support level. There is not much to like in the chart of gold prices, as priced in U.S. dollars.
But European gold traders see a much different picture. The chart plot of gold prices measured in euros has now broken its declining tops line, and appears to be in a much more favorable configuration.
So who is right?
....read the full analysis and charts HERE