Gold markets initially tried to rally during the trading session on Tuesday to break above the 50-day EMA quite handily. However, we pulled back later in the day as the US dollar got a bit of a boost, and perhaps more importantly, money was flowing into the bond market. By giving back the gains the way we have, we have ended up forming a bit of a shooting star, which is a negative sign as well. There are a few things to pay attention to from a technical analysis standpoint at this point. For starters, the previous candlestick was a hammer, which directly contradicts what we have seen during trading on Tuesday. When ... (full story)