BH42

XAU/USD potential long

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold is currently sitting at the bottom of it's channel which also coincides with a strong support level around 1680. A strong bounce here could be the start of an uptrend in Gold so well worth watching.

Also on the watchlist should the reversal play out are shares in the mining sector. Main players I am watching are CEY, POLY, GOLD, KL, KGC.

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