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Gold Forecast: Continues Finding Buyers on Dips

From dailyforex.com

Gold markets have shown strength, rallying right off the bat in order to show strength again, but then fell to fill the gap before finding buyers. With that in mind, it looks like the gold markets are ready to continue the rally overall but are obviously a bit stretched at this point. Because of this I am not willing to short this market, and I think that every pullback is probably going to be thought of as a potential buying opportunity. That being said, the market is a little bit extended so I would like to see more of a pullback before I get overly interested.I know that the market is hard to watch, as it rips ... (full story)

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  • Category: Technical Analysis