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Gold Forecast: Grinding Higher

From dailyforex.com

The gold market rallied slightly during the trading session on Monday afternoon initially gapping lower. That being said it was the Martin Luther King Junior holiday, so of course there were a lot of traders away from their desks. That being said though, the market is bullish and has been for some time. The market has found quite a bit of support underneath at the $1550 region, and now it looks like we are ready to continue the overall long term uptrend. Even if we did pull back, I see a multitude of areas were buyers will probably jump in and try to take advantage of value as it occurs. The $1550 level, the $1525 ... (full story)

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  • Category: Technical Analysis