Gold: Continues to Find Buyers
From dailyforex.com
Gold had a very strong session during the Monday trading session. And it does look to me like it's a market that is trying to keep the uptrend intact. That being said, I could also make an argument that we could very well end up going sideways for a while with the $3,200 level underneath being a bit of a floor, and the $3,500 level above being a bit of a ceiling. Ultimately, this market will continue to be very noisy, but I still think it favors the overall upside. There's really no reason to start shorting gold, although it doesn't necessarily mean that it's going to take off straight up in the air anytime soon ...
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