sjroden
Long

Gold 1100 end of the road for bears?

FX:XAUUSD   Gold Spot / U.S. Dollar
81 0 0
I suggest that gold             is in the final stages of its years long bear trend and that 1100 is a good price to consider buying. This would depend on the price reaction at the lower trend line and the RSI divergence remaining intact. I would take a spec long position with a daily bullish engulfing candle or something similar after price tests below 1100.
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