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Gold Price Analysis – Gold Continues to See Dip Buying on Tuesday

From fxempire.com

Gold continues to see buyers on dips as we continue to see a lot of noisy behavior in the overall markets. With a couple of major wars going on, and the central banks around the world looking to make moves, gold continues to be supported. The Gold market has risen slightly during the early hours here on Tuesday as we continue to see a lot of noisy behavior. All things being equal short-term pullbacks I think offer buying opportunities that people will in fact take advantage of. The $5,000 level continues to be a major floor and, of course, a large round psychologically significant figure that attracts people to jump ... (full story)

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  • Category: Technical Analysis