Gold: Consolidation Before a $3,500 Breakout? | Metals Mine

  • Gold: Consolidation Before a $3,500 Breakout?

    From dailyforex.com

    Gold initially fell during the trading session here on Monday but has recovered ever so slightly. This is a market that's interesting, mainly due to the fact that the U S dollar saw a little bit of buying during the session. Therefore, it does make a certain amount of sense that gold might react a little on the soft side. That being said, we have turned around to show a potential attempt to go higher. And I do think ultimately that's what happens with gold. It goes higher and it starts to look towards the $3,500 level. If we can break above the $3,500 level, then it's very likely that the market could go much higher, ... (full story)

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