BofA: Nu begynder guldprisen at stige efter 4 års fald

Fra Bank of America

Via BofAML’s MacNeil Curry,

Gold: Friday’s gains are just the beginning

Change your thinking on Gold.

Friday’s Bullish Reversal / Bullish Engulfing Candle marks the end of a 4yr decline and the beginning of a medium term bull trend.

Initial targets are seen to 1241/55 ahead of 1345 and potentially as far as 1433.

Buy dips.

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And positioning has shifted to a notable bearish position…

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So far no good as gold and silver are giving back Friday’s gains…