Sforex
Long

Gold: Market supports Gold due to global uncertainty. Reason 2.

FX:XAUUSD   Gold/U.S. Dollar
86 0 1
Gold             reaches 7 month high in two weeks. This is a great move because global economy view is very negative.

US economy begins to react what happening outside America.

Absolutely, Gold             is a good shelter for who seeking safe-haven asset.

I don't see any positive in current condition to remove this bias.

Hence, in the medium term, I believe Gold             continue to receive the bid.

Look at on the chart, Gold             broke the key resistance trend line, this is a good signal shows it will continue to rally.

This is the second reason why USDollar             selloff is not over.
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