Long Gold Bottomed Out now Retest of previous Support
I'd highly reccomend investing in Silver, if your local currency is the Euro. You can take a longer term position here, risking 5% of your capital without a stop loss, or take a more 'swing' style trade, with a stop loss under 16.39. Upside is considerable, specially factoring in a potential USD rate hike that might destabilize all currencies, potentially resuming...
Priced in euros, Silver reached the lower edge of descending channel started in 2011. Most likely XAGEUR will rebound from here, making apparent breakdown of the longterm trend to be false. Buy silver in any currency - it's cheap.