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Gold: Strong Long Term

From dailyforex.com

Gold has been a bit all over the place during the early hours on Monday, and perhaps a little bit of relief is starting to creep into the market that the Middle Eastern War hasn’t expanded. It shouldn't be overly surprising that we will be trading on the edge of a knife, meaning that it's only going to take a couple of bad headlines this in this market straight back up in the air. We are still in a secular bullish market when it comes to gold anyway, so I don't see any reason to short the gold market. The gold market has gotten a little bit ahead of itself, but I think a short term pullback makes a certain amount of ... (full story)

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  • Category: Technical Analysis