Long term is not so far away!

Click chart to enlarge
Chart courtesy of http://stockcharts.com

We are comfortably in a long term bull market for Gold. The weekly chart helps us clarify any doubts. Look at the EMA(60), a real and very strong support the whole time, and the RSI(28) that never tumbled under 50.

There is another issue I´d like to emphasize: very powerful hands are surely trying to push down Gold and supporting the US Dollar until November elections. But Gold market strength is keeping up and it will do much better afterwards.