The gold markets gapped higher to kick off the week on Monday, and then shot above the $1800 level. The candlestick is closing towards the top of the range, which is a bullish sign. The 200-day EMA sits just above, so it is likely that we will see a bit of noise there as well. The 200-day EMA has the 50-day EMA sitting just above it and starting to turn lower. The “death cross” is a signal that a lot of traders pay attention to, but I think the moving averages are too flat for them to be something that is going to be overwhelming. Gold markets have had a bit of a rough ride as of late, as the 10-year note has ... (full story)