Long term trend of GOLD is down but there is possibility of a short term bottom being formed.
Weekly charts (USD) - support at 2013 and 2014 low broken but strong buying seen. Sustaining above 1200 can lead to a rally to 1350-1400 levels.
Two consecutive hammers on weekly charts have bullish implication.
Daily charts (USD) - buy signal here. SL 1140.
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