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Gold: Continues to See Upward Pressure

From dailyforex.com

Gold markets have rallied significantly during the course of the trading session, as it looks like we are trying to take out the all-time highs. Short-term pullbacks will continue to be buying opportunities as we have seen during the trading session on Thursday, and of course we have seen quite a bit of volatility. Ultimately, this is a market that I do think eventually breaks out to the upside, but in the short term it’s likely that we will see an eventual return to buying and holding. All things being equal, this is a market that I think continues to see a lot of momentum, due to the fact that it is not only a ... (full story)

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  • Category: Technical Analysis