Is Gold still a safe-haven ?
Gold did not rebound much on the equity crisis, and did not play its safe haven role... That makes me think that is we see the equity rebounding in the next weeks, gold could see lower bottoms.
Technically, we have a nice push back on the resistance (old support) where I put my stop loss.
And if the channel is still valid, my target is below the July's bottom at 1040.
Technically, we have a nice push back on the resistance (old support) where I put my stop loss.
And if the channel is still valid, my target is below the July's bottom at 1040.
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