CurrencyTraderofForex
Long

Buy Gold at the 1310-1277 area.

FX:XAUUSD   Gold / U.S. Dollar
55 0 4
This area is a decent technical area for buying gold             . I expect gold             to resume its bullish trend from this area.

On 21st September it is the US rate decision. A rate hike or strong indications towards rate hike this year might have strong implications for the markets.

There are a lot of question marks about the condition of the world economy. China growth, soft landing vs hard landing and possible credit bubble. Europe are to face struggles with a possible bank crisis and EU/EMU starting to fall apart. Brexit and the implications it has on Europe and the UK. EM countries close to/already in recession.

Gold             might be the ultimate safe-haven for the uncertain times to come.

The scale at the chart is altered to show the levels in play.
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