Gold: Continues to Find Buyers | Metals Mine

  • Gold: Continues to Find Buyers

    From dailyforex.com

    I am a buyer of dips in this market, and I think there is a significant amount of support near the $3200 level. The $3200 level is an area that has already proven itself a couple of times, both as support and resistance. We also have the 50 Day EMA sitting just above there, so that might be worth noting as well. As long as we can stay above the $3200 level, I don’t think much has changed in this market, and I do think that it is probably only a matter of time before we try to get back to the $3500 level and perhaps even eventually break out above there. As far as the trend is concerned it’s not until we break ... (full story)

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