Last week I write about Gold, it was on its way down and I was expecting two things:

1. waiting for it to reach the next long term support level and
2. get rejected from it.

Guess what? It just happened.

It looks like GOLD (XAUUSD) was rejected from the main LT support level and should be ready to continue its way up.

This is how the daily chart looks like:

What do you think? Are you trading it?

Let me know.

Cheers,
Raul Lopez