Gold Markets tried to break above the 200-Day EMA during the trading session on Monday, but as you can see we have pulled back significantly from the 200-Day EMA, which is near the $1760 level. At this point, it’s possible that we could see a return to the 50-Day EMA, especially as this week features a lot of indicators that the Federal Reserve will pay attention to. Alternatively, we could turn around and breakout above the top of the candlestick, then it’s likely that we could go looking to the $1780 level. After that, then you have the $1800 level. The $1800 level is a large, round, psychologically significant ... (full story)