Gold - XAUUSD - possible end of the multi year Bear market

5 Şub 2016

XAUUSD - Gold :

Might be at the edge of the multi-year bear trend.

Formation looks really bullish on the weekly + Daily chart.

Watch the "Important area" mark, if it breaks with strength we should get a nice run.
Also watching the RSI on the Daily chart for more conformation of a fueled bull run / scalp short trigger.

It also confluences with the global recession fears and the slowdown in China. It would also fit the bigger picture of a USDOLLAR which had a very dramatic and rapid break down the last couple days.

This is kinda a longer term outlook to work with and to keep in mind. But if the stock markets completely break apart in a dramatic dump Gold should be the next safe-heaven for a longer bull-run.

11 Şub 2016

Not

Momentum picking up still and it just spiked through the "important area" and wen into the bullish break out zone.


If you caught a long keep from lower, this could be a really good long term trade if you are not on high leverage.