XAU/USD - Lack of Bears

٩ أغسطس ٢٠١٥

It's almost 20 days since the famous fakeout that caused gold to drop from 1130 to 1070 in a second. Unfortunately for the bears, the price action failed to follow this breakout. Instead it formed a strong hagopian support line that's been tested five times since 24th of July.

This is a long term buy (more than a year).