Gold Markets Recover After Initial Debt

From dailyforex.com

Gold market sold off rather drastically during the trading session on Thursday, but just as we had seen during the previous session, the market then turned around to show signs of life in order to form a bit of a hammer. At this point, it will be interesting to see whether or not we can take off to the upside, especially as the $1830 level is significant resistance, which is the top of the overall consolidation, and therefore it is likely that we will continue to see this area see a lot of order flow. If we can break above the $1830 level, then it is likely that we could go looking towards the $1875 level, which is ... (full story)