Goldmans_Sak
Long

Long GLD till End of Year

AMEX:GLD   SPDR GOLD TRUST
The heavy Euro             sell-off that followed the drastic measure by Mario Draghi to lower the euro             is starting to cool off. Euro             is finally finding some support along the multi-year uptrend.
The dollar rallied heavily and commodities took a huge hit this Fall.
However, the technical bounce in the Euro             could provide support to Gold             as the dollar weakens. Additionally, Dollar neutral gold             in on an uptrend. A weaker dollar would accelerate the bounce in gold             .

Initial target: 20MA on Weekly/38.2% fibo retracement at 122 on GLD            
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