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Mooncake
Jul 14, 2015 9:24 PM

Gold is in a long-term bearish trend Short

FX:XAUUSD1M
Gold/U.S. DollarFXCM

Description

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Since 2011 Gold is in a steady downtrend. The period from 2004-2011 appears to be a huge bubble and it's correcting down back to the mean value.

It seems Gold behaves like the market cycle shown here:
ritholtz.com/blog/wp-content/uploads/2010/06/Psychology-of-Market-Cycles.jpg
GoldXAUUSDxauusdshort
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