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Gold: Bullish Trend Intact
The gold market gapped lower at the open on Thursday and then had seen quite a bit of volatility in what had been a basically negative market. As things stand right now, the market looks as if it is trying to test the $3650 level. This is an area that has been important multiple times, and with the US dollar spiking over the last couple of days, it has put a little bit of pressure on gold.The technical analysis for the market is obviously very bullish, and it is worth noting that we have recently broken out of a massive ascending triangle. The so-called “measured move” from the Triangle suggests that the gold ... (full story)
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