Gold Markets Continue to Work off the Froth

Gold Markets Continue to Work off the Froth

From dailyforex.com

Gold markets have gone back and forth during the choppy Monday session as we continue to see a lot of hesitation at this point. This makes a certain amount of sense due to the fact that we had shot straight up in the air. We have a situation where we need to work off some of this excess momentum or pullback. I would prefer a pullback, but we will have to wait and see whether or not we get that. The $1880 level is an area that I’d be very interested in buying if we get some type of support level. If we continue to see the market drop, the uptrend line would be challenged. The 50-Day EMA comes into the picture as ... (full story)

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