Investors turned away from gold for a long period of time after the decline in gold prices that started late 2012. However gold seemed to find a solid support at the end of 2013. The daily chart of GLD, the SPDR Gold Trust Shares shows that gold started to get bullish at the beginning of 2014. OBV confirms it too as volume is higher on up days than down days. Rising OBV reflects positive volume pressure and can lead to higher prices. GLD had a golden cross in late March when the 50-day moving average crossed above the 200-day moving average. Gold is a great alternative asset class and gives opportunity for portfolio diversification especially during an equity market decline. Gold has low correlation with the S&P 500 and long-term Treasuries too as you can see in the indicator window below the chart. And that is exactly what you want during a market decline.