By FXEmpire.com
Gold markets had a bullish session on Friday, as speculation that the central banks around the world are going to start easing again gripped the markets. The $1640 level just above is still resistance as far as we can tell, and as such we are not ready to buy quite yet. On a daily close above that price, we are more than willing to go long as it should see gold racing towards the $1700, and then $1800 levels.
As for selling gold, we simply don’t see it at this point in time as the lows are starting a get slightly higher over time. We are simply waiting for the market to tell us when it is ready to continue to rise in value, and then joining the fray.
Click here a current Gold Chart.
Originally posted here
