Risk aversion continues to escalate, go long after gold retreats

Gold has two effective support positions. The first one is near 3048, and gold rises rapidly after hitting the bottom of 3048. The second one is near 3070. If gold does not break through 3070, it will continue its strong bull market. If gold falls back near 3048, then gold may start to maintain a large range of shocks.



Trading idea: Go long near gold 3070, stop loss 3060, target 3100