Gold: Markets End the Year with Upward Pressure

From dailyforex.com

The gold markets found buying pressure during the trading session on Wednesday, reaching towards the $1900 level. The $1900 level is an area that has been both support and resistance. It looks as if we are trying to break out and, with stimulus coming out of the United States, it makes sense that gold continues to rally. After all, the US dollar is going to continue to suffer because of this, and that should send gold higher. If we do break above the $1900 level in gold, then I think we will go looking towards the $1950 level. That is an area in which we had sold off previously, and now looks as it could be a target ... (full story)