magnans
Short

Is Gold still a safe-haven ?

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold             did not rebound much on the equity crisis, and did not play its safe haven role... That makes me think that is we see the equity rebounding in the next weeks, gold             could see lower bottoms.

Technically, we have a nice push back on the resistance (old support) where I put my stop loss.
And if the channel is still valid, my target is below the July's bottom at 1040.

Totally agree with you.
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magnans JamesZhang
Nice chart thanks!
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