Those who have been waiting a buying opportunity on gold should continue to wait for a while. We did break MA65 early July but that break didn't last. Now we need to watch what will happen with our MACD in coming weeks. We are still in positive levels but it may not last. If it turns to negative we may see gold in 1000$. Also need to watch closely what happens in Ukraine and Gaza because it will affect on gold price.

Penafian