-
Gold Meets the Mother of All Supports and Uses Her Wisely
There is one forsaken instrument on the market, and it could be this week’s winner, especially over the last two days. That instrument is gold. Gold has had a real rollercoaster ride this year. From long-term highs, above the 2000 USD/oz, to yearly lows, on 1680 USD/oz, in just a few months. The reason gold can shine again is that we finally see some demand here. On the chart you have weekly candles, and where we’re about to see the first bullish week since the beginning of June. That is something, especially since the bounce isn’t happening in some random place. No, XAUUSD is bouncing off 1680 USD/oz (green) ... (full story)