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Gold: Continues to See Supportive Action
I am a buyer of gold, and at this point in time I refuse to short this market. If we were to break above the $2690 level, then I believe this market is one that you have to be a buyer of, perhaps with a stop loss near the $2660 level. I’d be aiming for $2775 above.During my daily analysis of the gold market, I have noticed that the market continues to go back and forth, and therefore I think you’ve got a situation where we continue to see a lot of volatility. Monday is a relatively quiet session as far as economic announcements are concerned, so a lot of this will come down to the idea of whether or not traders ... (full story)