Gold Markets Find Buyers On Latest Dip

From dailyforex.com

Gold markets have fallen initially during the trading session on Tuesday but found a lot of strength later in the day to turn around and form a massive hammer. This is a market that cannot fall for any significant amount of time, and any time it does start to fall, there are plenty of people willing to jump in and pick up “cheap gold.” The $1880 level should be supported, but that will be the only place. The 50-Day EMA sits right around the $1850 level and is rising. After that, we have the $1800 level, which has shown the market to be supported as well. Ultimately, this is a market that I think you continue to ... (full story)