Gold markets initially fell on Tuesday to reach towards the support level near $1775. However, we have turned around to show signs of strength as CPI numbers fell apart and came in much lower than anticipated in the United States. This had a lot of negativity in the greenback, which has a lot of influence on what happens with gold. The market has ended up forming a major long wick at the bottom of the candlestick, which does suggest that we are going to continue to see a little bit of upward pressure. However, it should also be noted that we pulled back from just above the 200-day EMA, so that could be a little bit ... (full story)