Gold markets initially tried to go higher on Tuesday but fell hard after the initial move during the day. Ultimately, we have broken through the $1840 level, which is short-term support, but having said that it does not register as far as a major level. Ultimately, it’s more likely than not the $1800 level is where the buyers will make some type of stand. If the market was to go below the $1800 level, that could be a very negative sign for the market, perhaps sending gold down to the $1760 level. On the other hand, the market is likely to continue to see a lot of volatility and choppy behavior. That being said, I ... (full story)