[1.35] It's still the bears' turn

22 Nov 2015

Finally we have seen an upward motive in Gold. The lower median line was retested several times with swings which did not last long. Now the bears are struggling against it again. They still have time. But the clock is ticking, and if we don't see any lower lows in a day, it means the bulls take over. I would still consider any long position before reaching the red line a risky one, though a small amount may be risked for this opportunity.