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Gold finally round-ing into form?

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Everyone’s favorite precious metal has fallen a long way from the halcyon days of a few years ago, when it seemed like gold could do no wrong. Nowadays, traders are more likely to get laughed at then applauded for buying gold, and based on the trend over the last few years, skepticism toward long gold positions is certainly warranted. As is often the case with markets though, the sentiment may finally have swung too far in the other direction, at least on a short-term basis. Gold has been a

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