05/05/2016

GOLD month 18:588 MA

Month. The bottom of gold will probably not test the low again. This chart gives the main impression that gold will take off on upside. The big thing is to get a monthly close above 1.300. If that happens the target will be 1.900 after a long time. For positions I think that a set back to the blue 8 MA will be a buying opportunity.

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