Gold: Continues to See Plenty of Support

From dailyforex.com

Gold has been noisy on Wednesday, as we continue to see a lot of questions asked about the overall health of the global economy and geopolitical scene, especially involving Iran and the United States. Gold has been a bit noisy during the trading session here on Wednesday, but it still looks very bullish. I think at this point in time, geopolitics alone could very well end up sending gold higher, as it looks like the United States may attack Iran again. We also have central banks out there hoarding gold, and, of course, the US dollar is shrinking slightly. Nonetheless, the technical analysis remains very bullish. We ... (full story)