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Gold Continues to See Buyers on Friday

From dailyforex.com

Gold has seen some buying pressure again on Friday, as traders have plenty of reasons to believe that this is still a bullish market. Gold has rallied to break above resistance at one point during the Friday session, but it looks like we are struggling a bit. All things being equal, I think short-term pullbacks offer buying opportunities that a lot of people will be watching and I do think that it's probably only a matter of time before gold goes higher. After all we have a whole slew of reasons for it to go higher. Not the least of which is the tensions that are out there between the Americans and the Iranians but ... (full story)

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  • Category: Technical Analysis