In the times of crisis, it has been recorded in history that people stock up on Gold in fear that their economies are crashing or some global event is taking place. Gold has been rallying for over a year now and I do not see momentum slowing anytime soon. I will enter long shortly, but waiting for a solid break above 1550.00 before entering. If price falls below 1300.00, then I will go short for 200 pips and track the downtrend, protecting my shorts from any rally along the decline.
