Gold Pulls Back to Test Potential Support on Tuesday | Metals Mine

  • Gold Pulls Back to Test Potential Support on Tuesday

    From dailyforex.com

    I like gold at the moment, but we need to see if the previous resistance is going to be held as support. This might be what Tuesday was all about. The gold market has fallen quite a bit during the trading session on Tuesday as we are starting to see a little bit of giveback from the previous session. I also recognize that gold has broken out and has fallen to test potential support at the $5,150 region. This was previous resistance so if we continue to see gold rally then I think this could be an area that buyers might jump back in. I do like the idea of buying gold in general, more of a buy on the dips type of setup ... (full story)

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