We don't agree with the analysis but the chart is clear and simple.
Gold has been falling for about two weeks straight. It is now into a solid support level. This level is not only a gap fill on the SPDR Gold Trust (ARCA:GLD)) but also the 20 and the 50 moving averages. These two moving averages make up a necktie, which is a strong technical support level. The signals are saying a bounce in gold is coming. This is a short term trade, not a long term investment. Lock and load.
Here's FinViz showing the move from 5am to 9:00-1:00: