rfc4

Bullish gold... like a lot

Long
rfc4 Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD monthly. Posting a massive cup and handle pattern relative to the USD. All signs are pointing towards gold going up massively in value relative to the USD in the very near term (in a macro sense).
Comment:
MACD has almost crossed. Cup and handle pattern is still very much in play here - especially with all of the conversation around the Ruble getting pegged to gold. We could see a significant amount of demand ratchet up here.
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