Gold long, anyone?

Gold. It's something apparently we should keep buying in this present age of fiat currencies but as technical traders we simply trade what we see - not what we think...with gay abandon!

We have a good technical set-up for a long: a low test bar off a trendline bounce and a technical level at 1639 which also correlates with seasonality (gold traditionally very bullish this time of year) and a 0.618 Fibonacci retracement. To top it all, we also have a reversal pattern on the hourly, so a good heads up that the shorter term buyers and sellers are 'playing ball' with the higher timeframe pundits.