Gold: Market Continue to Threaten the Same Area

From dailyforex.com

As we have rallied rather significantly from that point, the market is likely to continue to see the $1800 level as important, as it is not only a large, round, psychologically significant figure, but it is also an area that has seen quite a bit of action in the past. The 50 Day EMA is in this area as well, so that makes quite a bit of sense that we would see a little bit of dynamic resistance here as well. Ultimately, this is a market that I think given enough time will have to decide what it wants to do over the longer term, and Friday might be the day that we figure it out. While it is more likely than not that we ... (full story)