Long GLD till EOY

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 bottoming and finding some support at the multi-year uptrend support.
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.

Initial target: 20MA on Weekly/38.2% fibo retracement at 122 on GLD            
FOOLED again….think 66 thats where gld is going
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