Gold Continues to Look for Buyers on Dips During Tough Session | Metals Mine

  • Gold Continues to Look for Buyers on Dips During Tough Session

    From dailyforex.com

    Gold markets have gotten hammered again during the trading session here on Tuesday as the US dollar is starting to fight back. This does make a certain amount of sense because we are at a 14-year high of US dollar shorting so that is starting to play out in the currency markets and therefore the US dollar is starting to strengthen because when that happens, you are normally close to the bottom. The question I think I have and most of you probably have for the gold market is whether or not the uptrend can continue. I think it can, but I can make a severe argument for $4,800, the 50-day EMA and then finally the $4,600 ... (full story)

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