Consider buying a call option on August Comex gold futures.
See on the daily bar chart for August Comex gold futures that prices have rebounded from the recent lows, which shows the bulls have resilience. A bullish double-bottom reversal pattern also appears to be forming on the daily chart. My bias is that a market low is in place for the gold market. Any geopolitical flare-up, or unexpectedly weak economic data from a major world economy, in the coming weeks would also likely be bullish for the gold market. Consider buying a call option on August gold futures, with an upside price objective of $1,500.00 or above.
