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Gold: Continues to Look Strong

From dailyforex.com

The gold market has shown itself to be rather bullish again in the early hours here on Tuesday. That being said, there is a big thing going on Wednesday, the federal reserve interest rate decision, which obviously will have a major influence on gold and where we go from there, as the influence on gold from those meeting is well known. Short-term pullbacks, I think, at this point in time do end up being buying opportunities in the gold market. And quite frankly, if we do drop from here, I anticipate that there are a lot of people wanting to participate. The $3,600 level is an area that I think attracts attention, and ... (full story)

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  • Category: Technical Analysis