2016-01-08_01-07-36gold

After a double bottom at 1050 price bounced back.

Gold and euro are positively correlated and the euro has been gaining strength even if just temporarely.

If you want to keep being a euro bear then you might be considering to watch out the fib areas at the chart.

It will be most like be an area where sellers will come into the market and where a strong supply demand battle will take place.

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