XAU and GOLD: Load up opportunity
When it comes to Gold and Commodities, corrections can come fast and furious, as what we have witness last week. The more violent the moves the greater money can be made and lost.
If you are one who believe in the long term trend of commodities and precious metals, the correction offers an opportunity to load up if you think 2 weeks ago the price is too expensive.
The MACD looks to be oscillating up.That and the strong support at 175 bodes well that we can see at least a short term move to the 195 region.
I have been loading up here and there on my DWS Noor Precious Metal fund and First State Global Resources. I have not reached the target allocation but im not gonna miss out on this excellent opportunity given.
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