aaron.pike.9

Gold backs off to downtrend channel

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Hopefully this is a blip in the longterm trend as market movers take profit off their gold coffers. However this is happening in tandem with the stock market falling so we could see further selling into the downtrend channel as macro fears persist. This may be a good week to try and find a deal on gold or silver though. Let me know what you guys/gals think.
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