GreedyTrader

Gold is Bullish for now but for how long?

FX:XAUUSD   Gold Spot / U.S. Dollar
We all know investors have been accumulating physical Gold not reflected in the spot market price. In the near term investors want to see what the FED will do later this year. For now safe haven demand is still there. Come long term after a rate hike and the US economy holds, then we will see Gold sold off and we may see $1000 Oz before 2016.

Neutral for now the main trend remains short.

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