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Gold Markets Continue to Find Buyers as USD Falls
Gold continues to show signs of strength on Monday with the US dollar falling, and the overall outlook for central bank rate cuts, especially in the USA. Gold continues to show signs of strength on Monday and in fact looks a lot like a market that wants to break out. With that being the case, I think you have to look at short-term pullbacks as potential buying opportunities with support perhaps all the way down to the $4,800 level, maybe even as low as the 50-day EMA at $4,617. This is a market that I think has been rather bullish for a whole multitude of reasons, not the least of which would be the fact that central ... (full story)
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